Reduction in interest rates by the Housing Finance Corporate
Date of Publication: 23 June 2009
The Housing Finance Corporate, the only institution controlled by the government has announced a second reduction in interest rates of 0,25% in September, which will be followed by a third reduction in December, as announced today by the Minister of Finance, Mr. Charilaos Stavrakis. He also added "if only the banks were under our own control also, then you could be sure that the financial results would be much different".
Source: www.philenews.com
