#interest rates

The Cyprus Banking Association on Thursday confirmed that banks will announce their decisions on interest rate and fee reductions by the end of the week. Spokesman Andreas Kostouris told state ...

President Nikos Christodoulides met bank heads on Monday for a “useful and constructive exchange” on his proposals for interest rate changes to help vulnerable groups. Government spokesman Konstantinos Leymbiotis said ...

By taking fixed deposits at the second lowest interest rate in the euro area at an  average of 1.8 per cent and lending part of these funds at the third highest ...

The economy has proved resilient in the face of a challenging international environment, and is expected to do the same going forward, the Central Bank boss said on Monday. Christodoulos ...

No evidence has come up concerning the existence of cartels or cartel-like behaviour in the retail fuel market or the banking industry, the Commission for the Protection of Competition (CPC) ...

The highest interest rate on term deposits of up to one year by households in August 2024 stood at 2.45 per cent while the highest interest rate on loans for the purchase ...

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 ...

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 ...

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 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 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 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 ...

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 ...

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, ...

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 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 ...

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 ...

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 ...

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 ...

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 ...

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 ...