Just keep a cool head! Proposal #2: From debt sustainability… to obtaining the investment grade for Greek public debt We have every confidence that our lenders will keep their word on providing Greece with further debt relief - pacta sunt servanda applies to both lenders and borrowers - and deliver on what they promised since November 2012.
As part of that interest rate decision, the Bank re-established its normal operating framework for the implementation of monetary policy.   On Tuesday, 20 July 2010, the Bank raised its target for the overnight rate by a further one-quarter of one percentage point to 3/4 per cent.