Cypriot banks will welcome the new currency with high deposit rates. Although the base deposit interest rate stands at 4.5%, certain banks offer interest rates that reach 5% to win the battle of...
After the Central Bank Governor’s statements that if Cyprus didn’t join the euro area on 1/1/2007 the CB would increase the interest rates, DISY Vice President, Averof Neophytou said that the...
13/11/2007
The Monetary Policy Committee of Central Bank of Cyprus decided on Monday to leave interest rates unchanged at 4.50%. The decision was announced by Central Bank Governor, Athanasios Orphanides....
12/11/2007
In his interview to StockWatch, CCCI Chairman, Manthos Mavrommatis urged the candidates for the Presidency not to grant benefits that could hit economy in the future but to save £100 million per...
29/10/2007
In his interview to Dow Jones Newswires, Central Bank Governor, Athanasios Orphanides, urged the European Central Bank to concentrate on inflation. Mr. Orphanides, who will join the ECB governing...
26/10/2007
Central Bank Governor, Athanasios Orphanides expressed his confidence on Monday that this is a period of overheating for the Cypriot economy. Speaking after the Monetary Policy Committee’s decision...
08/10/2007
The Monetary Policy Committee of Central Bank of Cyprus decided on Monday to leave interest rates unchanged at 4.50%. The Committee expressed its concerns on the course of inflation, which reached 2...
08/10/2007
Fed’s decision to cut its interest rates by 0.50% boosted the European markets, which opened with sharp gains on Wednesday. By the time this text was in progress (10:59), the CSE general index was...
19/09/2007
After Fed’s decision on Tuesday to cut interest rates by 0.50% to 4.75% in a bid to stop the turmoil in housing and financial markets from bringing down the overall economy, the stock markets surged...
19/09/2007
Central Bank Governor, Athanasios Orphanides explained the Central Bank’s move to cut the lending ceiling for the purchase of a property from 70% to 60%. Speaking after the Monetary Policy Committee...
10/09/2007