The European Central Bank decided on Wednesday to keep interest rates on hold at 1%. The ECB announcement is as follows: At today’s meeting the Governing Council of the ECB decided that the...
Cypriot interest rates are still the highest in the euro area, aggravating the island’s economic activity in this critical period of economic recession. According to European Central Bank data...
Government has to borrow nearly €3 billion in the next eighteen months to cover its finance needs even if Cyprus Popular Bank needs no state support. Certain Finance Ministry data bring to the...
Banks are forced to offer deposit rates above 5% to deal with the liquidity problems in the market and the uncertainty for the developments in Greece. The signs for the future course of the...
The European Central Bank decided on Thursday to leave rates on hold. The cost of borrowing in the euro area is at record low after two rate cuts in recent months. This decision was anticipated...
Banks are on an undeclared war to attract deposits lately, launching new deposit products with high interest rates. Deposit rates continue to go up in 2012, raising concerns to the bankers that...
Interest rates in the euro area remain unchanged at 1%. The ECB announcement is as follows: At today’s meeting the Governing Council of the ECB decided that the interest rate on the main...
Mortgage rates in Cyprus are on fire due to the tough banking sector conditions and the increase in deposit rates. The unfavourable forecasts on the course of domestic economy and the increased...
Banks are considering increasing the interest rates of the housing loans ahead of the tough conditions in the sector and the increased risk in the property market. The liquidity condition in the...
Banks are engaged in defensive maneuvers to maintain their liquidity in the first weeks of 2012 ahead of this year’s challenges. The deterioration of the economy and the impacts of the Greek...