Cyprus Mail

Post-bailout Cyprus may see borrowing costs rise again

By Stelios Orphanides

Cyprus may risk seeing its borrowing costs rise after completing its adjustment programme as scheduled in March unless the European Central Bank reconsiders its eligibility criteria for its expanded purchasing programme, also known as quantitative easing, or Cyprus requests a credit-line, economists said.

With the completion of its adjustment programme, Cyprus is likely to cease being eligible to participate in the ECB’s quantitative easing unless in the programme’s remaining six months at least one of the credit rating companies assigns it an investment grade rating.

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