CBC measures gave the economy time to tackle the crisis, Governor says

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The measures implemented by the Central Bank of Cyprus (CBC), a nine-month loan repayment moratorium and a €1.4 billion capital release issued to the banks, gave time both to the banks and the economy time to recover part of their cash flow as lockdown measures enforced to curb the spread of the coronavirus outbreak are gradually lifted, CBC Governor Constantinos Herodotou has said. Speaking in a web discussion organised by the UCL Alumni Cyprus Club and the non-profit organisation Oxygono, Herodotou …

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