Bank of Greece skips this week's tender
03/05/2000 - Press Releases
The Bank of Greece announces that it will not conduct its weekly
regular tender for the acceptance of 14-day deposits, on 3 May 2000.
The decision was based on the estimated liquidity shortfall due to the
imposition of mandatory deposits on banks which have exceeded credit expansion limits in
the 12month period to 31 March 2000.
As of 1st April 2000 these measures for controlling credit expansion
ceased to apply.