On June 22, the Governor of the Central Bank of Malta, Professor Edward Scicluna, said that the Central Bank of Malta will not ‘interfere’ in banks’ decision to change interest rates. When speaking to businessnow.mt, Professor Scicluna notes that “it is up to each bank, depending on the resulting market conditions, its liquidity situation, and competitiveness to decide whether it would want to change its deposit and lending rates, adding that “neither the CBM nor the ECB will interfere in this decision”.

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