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.





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