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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who started this subject11/28/2000 2:35:38 PM
From: SSP   of 150070
 
(How about America) Bank of Greece Cuts Interest Rates

ATHENS (Nov. 28) XINHUA - The Bank of Greece, the country 's central bank,
Tuesday decided to reduce its base interest rates by 50 basis points in an
effort to achieve short-term interest rates convergence with euro-zone
countries.

The bank said that it would cut its 14-day intervention rates from 7.0 to 6.5
percent and the overnight rate from 6.0 to 5.5 percent.

The bank also cuts its Lombard rate from 7.75 to 7.25 percent. It is the second
time for the bank to cut its base interest rates within the month. On November
14, the central bank announced a cut in its intervention interest rates by 50
basis points.
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