The Central Bank of Malta has published the fourth issue of its Quarterly Review for 2009, which analyses economic and financial developments in Malta and abroad during the third quarter of 2009 and into the fourth.
At a meeting held on 4 March the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1.00%, 1.75% and 0.25% respectively.
The Central Bank of Malta is advising that the Bank’s Directive No. 3 on Cross-Border Credit Transfers has been superseded by EC Regulation 924/2009 of the European Parliament and is therefore being withdrawn. Regulation 924/2009 replaces EC Regulation 2560/2001 which was repealed on 1 November 2009.
