Cyprus Mail

Housing loan rates up, consumer rates drop

Housing loan rates rose in October, the Central Bank (CBC) said on Wednesday, as consumer loan rates dropped for the first time since June.

The floating rate increased to 4.88 per cent from 4.86 per cent, the regulator said, while interest rates on consumer credit dropped to 7.14 per cent from 7.17 per cent the previous month.

Rates for business loans of up to one million euros also dropped – 6.44 per cent from 6.47 per cent – while those for over a million rose to 6.16 per cent from 6.10 per cent.





Related Posts

Four booked for illegal fishing at Governor’s beach

Gina Agapiou

Tender launched for new bus shelters

Anna Savva

Analysis: Jumping on EV wagon represents risky ride for tech pioneer Sony

George Hadjichristophi

ECB’s Lane says high energy prices a major concern

Reuters News Service

Our View: Neophytou has put Christodoulides on the spot

CM: Our View

Melco Cyprus community charity drives bring festive joy

Press Release


Comments are closed.