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...
The European Central Bank decided on Thursday to keep its rates on hold at 1%. In December, during its second meeting under the Chairmanship of Mario Draghi, the ECB had cut its interest rate by...
12/01/2012
The cost of money fell slightly in late 2011, despite the changes that the European Central Bank tried to make on the interest rate environment. According to latest ECB data, businesses and...
05/01/2012
The European Central Bank cut the interest rate on the main refinancing operations of the Eurosystem by 25 base points, as the analysts expected. This is the second interest rate cut in two months,...
08/12/2011
The cost of borrowing for the businesses gets higher and higher, according to European Central Bank data released on Friday. The Cypriot businessmen borrow with the highest cost in the euro area...
02/12/2011
The interest rate cut by the European Central Bank yesterday will have no effect on Cyprus, since the domestic banks continue to increase their rates to offset the lurking risks. The ECB surprised...
04/11/2011
The European Central Bank decided on Thursday to cut its interest rate by 25 base points. The decision will be followed by the speech of the new ECB President, Mario Draghi. The ECB...
03/11/2011
The European Central Bank decided on Thursday to keep interest rates on hold. Eyes now focus on the press conference of the ECB President, Jean Claude Trichet at 15.30 (Greek time), when he is...
06/10/2011
The businessmen and the households in Cyprus borrow with more unfavourable terms than those in Greece, according to European Central Bank figures released on Tuesday. The Cypriot lending rate is...
04/10/2011
Economic sentiment in EU27 and the euro area slumped in September. In Cyprus, the climate has stabilized to low levels. According to Eurostat data, the economic sentiment indicator in Cyprus in...
29/09/2011