SME Chamber

Eurozone interest rates cut to historic low

08 July 2012

The European Central Bank has
cut its main interest rate by 0.25% – to its lowest ever level. It means that its main
rate is now at 0.75%, the first time it has been below 1%. Mario Draghi, the
president of the ECB, said that he broadly welcomed decisions taken at the
European Council and eurozone summit last week (28-29 June). He refused to
comment on the possibility of further long-term refinancing operations (LTRO),
cheap loans to banks that were credited with restoring some calm to financial
markets at the beginning of the year.

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The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.

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