Our View: Publication of banks’ interest rates should be welcomed
The Central Bank of Cyprus’ (CBC) decision to publish the interest rates being charged by each bank for different types of loans and the rates paid on deposits is a ...
Consumers Association warns of increased bank charges
The Consumers Association on Monday has issued a statement warning the public about the new increased bank charges expected to be implemented from early 2024.
In the statement, the president of ...
MPs demand action on rising prices, interest rates
Lawmakers on Tuesday again harangued the government over its apparent apathy relating to rising interest rates, with one MP calling on President Nikos Christodoulides himself to come to parliament to ...
President deflects inflation and interest rate questions at PWC conference
President Nikos Christodoulides on Friday deflected media questions about the inflation and higher interest rates saying the government had a fiscal responsibility to safeguard the viability of the economy so ...
Finance minister meets banks over interest rates
Finance Minister Makis Keravnos on Tuesday met the bosses of commercial banks in a crunch meeting aimed at getting lenders to provide some relief to customers to compensate for rising ...
Finance minister pleads with banks not to raise interest rates again
Finance Minister Makis Keravnos said on Monday he will have a new round of meetings with bank executives to see how lenders might refrain from raising interest rates again, as ...
Our View: Are borrowers more deserving of state support than the low paid?
One of the interest groups set up to protect people with bank loans on Tuesday called on the government to take measures to protect borrowers from the continuous rise of ...
How have skyrocketing interest rates affected banks?
By Andreas Charalambous and Omiros Pissarides
The prolonged period of rising inflation over the past year and a half has pushed major Central Banks to successive interest rate hikes. Specifically, ...
Our View: Higher deposit rates, lower loan rates are a fantasy
Finance Minister Makis Keravnos wrote to associations representing the banks and loan-purchasing companies asking them to absorb part of the cost from the rise in interest rates so that loan ...
Banks remain mum on finance minister’s interest rate proposal
Banks have yet to react to an appeal from Finance Minister Makis Keravnos not to raise their interest rates on performing loans, forcing the minister to publicise his communications with ...
Deposit rates to rise but not just yet
Banks have been criticised for being slow in responding to the recent ECB interest rates hike
Cyprus’ main banks are set to increase interest rates on deposits this year after ...
‘Manageable increase’ in ECB interest rates expected, says CBC governor
Cyprus’ Central Bank (CBC) governor, Constantinos Herodotou on Friday projected that an expected rise in interest rates by the European Central Bank (ECB) would be manageable.
Herodotou’s comments came ...
ECB policies contributing to ultralow interest rates, inflation and inequalities
Prospects for growth in southern European countries are in jeopardy
Following the global recession and the European sovereign debt crisis the ECB adopted a policy of monetary accommodation to raise ...
Banks struggle to balance deposits
The role of negative interest rates – becoming an ever more prevalent reality – in reviving hard hit economies
Deposits in Cyprus banks recorded an increase for the fifth consecutive month in ...
Consumer credit interest rates down, housing loan rates up in July
The interest rate on consumer credit registered a decline to 3.03 per cent in July compared with 3.14 per cent in the previous month, the central bank said on Wednesday.
However, the ...