VSBCnews
  • VSBCnews
VSBCnews  |  Mount Vema  |  World News  |  Weather  |  Advertise with us  |  Contact us
Picture
VSBCnews Global Ads

mount vema news

Debit ceiling unchanged and Bank of Mount Vema holds interest rates

8/8/2018

0 Comments

 
The Reserve Bank of Mount Vema has indicated today that the Vema Seamount Authority will make no changes to the debit ceiling. A decision made annually by the Reserve Bank on behalf of the Sovereign at the request of the Capital House Administration.
 
Every year in August after Independence Day Celebrations, the administration reports the state of the Vema Seamount and the community, a tradition to be followed by every Prime Ministers to outline the legislative proposals for the upcoming year, when proposing a new budget to request an increase to the debit ceiling.
 
This year and until 2024, in the absence of a Prime Minister, Capital House will be administered by a team of staff who will be responsible for outlining the legislative proposals for upcoming years, propose new budgets and request increases to the debit ceiling. So, because it will be presented directly to the sovereign, there will be no state of the territory speeches.   
 
The Reserve Bank announcement was followed by the Central Bank (Bank of Mount Vema) own decision not to raise interest rates currently at 3.45%. The Bank of Mount Vema move was in line with market expectations.

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Picture
    VSBCnews Global Ads
VSBCnews  |  Mount Vema News  |  World News  |  Weather  |  Advertise with us
VSBCnews is the Official News Channel of Mount Vema
The Vema Seamount Broadcasting Channel

VSBC-news.com is not just one of the most followed news channel in more than 80 countries with growing economies and by heads of states, politicians, business leaders, and decision makers worldwide, it is now also followed by a growing number of people from all walks of life worldwide following the evolution of Mount Vema. If you, your organization, or business is seeking global exposure, get in touch!  Advertise with us. We offer 50% discount deals on your first campaign. 
Picture
Picture

Contact us

vsbc-news.com

City of Mount Vema Project
Picture
VSBCnews Global Ads

Financial Compensation
  • VSBCnews