NewsWhore
07-01-2009, 04:30 PM
The Central Bank (CB) has announced a 1% decline in interest rates to the general public on its certificates of deposit. Listin Diario reports that the move is aimed at stimulating growth. The new Fixed Rate Certificate of Deposits are 180 days, 6%; 365 days, 7.0%; 18 months 8.0%; 24 months, 7%; 30 months, 8% and 36 months, 10.0%; and a 12% annual rate.
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