Bank of Mount Vema to leave interest rate unchanged

March 09, 2020 – Mount Vema –  The Central Bank of Mount Vema told VSBCnews that despite Mount Vema's fishing and construction industry dependence on other nations for resources it is still business as usual. The Bank said it was monitoring the situation closely but did not foresee a "major impact", despite economists predicting Mount Vema projects would be hardest hit by a slowdown in the world economy as the coronavirus spreads. So to reassure investors, the bank said it doesn’t see the need to change interest rate currently at 3.45%.  Mount Vema interest rate remains unchanged for more than 10 years.