Interest rate cut among topics discussed by Anastasiades-Georghadji

The issue of reductions in interest rates was discussed by President Nicos Anastasiades and Central Bank Governor Chrystalla Georghadji in a meeting on Tuesday, deputy government spokesman Victoras Papadopoulos said.

Speaking to reporters after the meeting, Papadopoulos said that “the President met with Mrs Georghadji today, as part of his regular contacts on economic matters”, in the presence of Finance Minister Harris Georgiades.

He added that recent developments in the Cyprus economy were reviewed, and opinions were exchanged on various issues raised by Anastasiades.

Asked whether the issue of reductions in interest rates was discussed, Papadopoulos acknowledged that “this was discussed among other matters, as well as the simplification of procedures for new bank loans, loan restructurings, and other issues of concern to banks and borrowers during this period”.

Meanwhile, the issue of Georghadji’s contract, which she altered unilaterally, causing a political thunderstorm some weeks ago, will be the object of a draft report by the House Ethics Committee, which discussed the matter following the revelations.

Speaking at parliament on Tuesday, DISY deputy Andreas Kyprianou said that “a report has been prepared in draft form”.

“It has not yet been forwarded to committee members”, he added. “It will be submitted for discussion in the next committee session next Tuesday, and forwarded to the plenum”.

AKEL deputy Irene Charalambidou said that the committee has agreed with the preparation of a draft report that will be handed to parties next week “for comments and remarks”.

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