Athens News Agency: News in English, 00-04-19
CONTENTS
[01] Karatzas-Athens bourse
[02] Central Bank-Intervention rates cut
[03] Earthquake
[01] Karatzas-Athens bourse
19/04/2000 12:25:53
Chairman of the Association of Greek Banks and governor of the National
Bank of Greece Theodore Karatzas on Wednesday predicted an
'exceptional' future for the Greek capital market, despite the recent
downward fluctuations on the Athens Stock Exchange, which he called
"unjustified".
[02] Central Bank-Intervention rates cut
19/04/2000 12:15:49
The Bank of Greece on Wednesday slashed its key intervention rates by
between 0.50 and 0.75 basis points, bringing short-term rates closer to
their EU equivalents. After a meeting of its Monetary Policy Council,
the central bank announced a 0.50 percentage point reduction in the
weekly intervention rate for two-week funds to 8.75 percent, the
primary overnight lending rate by 0.75 percentage point to 8.0 percent,
and the secondary overnight rate by 0.50 percentage point 7.5 percent.
It also reduced the Lombard rate by 0.75 percentage point to 9.50
percent.
[03] Earthquake
19/04/2000 09:33:32
A strong earthquake measuring 5.00 degrees on the Richter scale hit the
bay of Corinth early Wednesday causing some panic among local
inhabitants and police said so far there were no reports of damage or
injuries.
The tremor, which spread as far as the central Greek port city of
Patras and the region of Achaia, was also felt in Athens.
According to the Athens observatory, the quake was recorded at 05.23
local time and came from a distance of 150 kilometres west of Athens.
Its epicentre was the bay of Corinth and the nearby town of Aegion
waking up residents in the region.
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