Mortgage rates in Cyprus rose in September 2014, denying expectations for an access of the households to cheaper money. According to new European Central Bank data, mortgage rates in Cyprus rose...
While lending interest rates in Cyprus are somewhat higher than elsewhere in the Euro area, they have been falling lately, European Commissioner for Economic and Monetary Affairs and the Euro Jyrki...
04/09/2014
The European Central Bank left interest rates on hold at 0.15% on Thursday. In June, the ECB had cut interest rates to 0.15% from 0.25%. The ECB announcement is as follows: At today’s meeting...
03/07/2014
The European Central Bank decided on Thursday to leave interest rates on hold at the historic low of 0.25%. The ECB announcement is as follows: At today’s meeting, which was held in Brussels, the...
08/05/2014
Cypriot banks are increasing interest rates and offering new products to lure depositors, in anticipation of the imminent relaxation of domestic capital controls. The gradual normalization of the...
11/02/2014
Housing loan rates continued to a downward trend in December 2013, reaching their lowest level since June 2010. Consumer loan rates also fell reaching their lowest level in the last five years,...
05/02/2014
A reduction in lending rates will be achieved with the reduction in the level of the NPLs and the improvement of the monetary transmission mechanism, Central Bank Governor, Panicos Demetriades stated...
27/01/2014
Economist and member of the National Economy Council Marios Zachariades proposes the protection of borrowers against unilateral loan interest rates hikes as opposed to putting a cap on loan interest...
23/10/2013
Deposit interest rates dived by more than two hundred basis points in recent months but without any effect on the cost of money for corporations and households. The central bank’s regulatory...
01/08/2013
The European Central Bank decided on Thursday to leave interest rates unchanged. At its meeting in May, it had decided to cut rates by 25 base points. The ECB announcement is as follows: At...
06/06/2013