Why Cyprus?
Panikos Koursaris, Marfin Laiki Bank - Globalserve International ...
Panikos Koursaris, Marfin Laiki Bank - Globalserve International ...
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Central Bank of <strong>Cyprus</strong>• <strong>Cyprus</strong> joined euro area on 1 January 2008• Interest rate management is now the responsibilityof the European Central Bank• Governor is a member of the Board of ECB• The primary objective of the ECB is to ensure pricestability, which means keeping inflation rates below,but close to, 2%• The CBC supervises the commercial banks• www.centralbank.gov.cy21
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