Tag: central bank
On Tuesday morning, the Central Bank of Malta issued the Moratorium on Credit Facilities Regulations in Exceptional Circumstances after a legal notice was published. The bank has directed credit and financial institutions licensed by the Malta Financial Services Authority to offer a six-month moratorium on repayments on capital and interest for borrowers who have been negatively affected by COVID-19.
PN spokesperson Edwin Vassallo said that both the Business performance Survey published by the Malta Chamber for SMEs and the CBM’s Economic update indicates that economic instability and political uncertainty were the underlying reason for poor performance by SMEs in 2019.
The December level of the Central Bank of Malta’s Business Conditions Index suggests that in recent months, activity continued to expand, but at a slower pace compared with the historical average.
The Central Bank of Malta (CBM) has stated that the net export contribution to growth is expected to be negative in 2019 and 2020,...
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