Effects of negative and ultra-low interest rates
In response to ECB accommodative monetary policies and persistently high levels of excess liquidity, Cyprus banks have continually effected reductions in interest rates By Leslie...
interest rates
Securities watchdog warns risk of bogus investment opportunities is high
The Cyprus Securities and Exchange Commission (CySec) on Wednesday warned investors and the public about various risks that could arise during the current period due...
Total new loans up 65.4 per cent in December as interest rates drop
Total new loans recorded an increase of 65.4 per cent in December 2018 compared with the previous month, while lending and deposit rates fell further....
Banks raise charges to offset decline in interest income
Declining net interest income has forced banks to raise charges and readjust their interest rates on deposits and loans, as rates in the euro area...
Bank of England hikes rates for first time in a decade
The Bank of England raised interest rates for the first time in more than 10 years on Thursday and said it expected only “very gradual”...
Banks reduce rates in November except for companies
Interest rates in the Cypriot banking system dropped in November for both deposits and non-corporate loans, reaching in certain cases all-time lows, the central bank...
Austria’s Nowotny says ECB will be cautious when raising rates in future
Austria’s central banker Ewald Nowotny said that the European Central Bank is likely to communicate its intentions to raise again interest rates when the inflation...
Draghi rejects German criticism, calls on Berlin carry its weight
European Central Bank President Mario Draghi rejected German criticism of the bank’s super-loose monetary policy on Wednesday, calling sub-zero interest rates a necessity and urging...
Fed expected to keep rates unchanged, may signal year-end hike
By Lindsay Dunsmuir The U.S. Federal Reserve is expected to keep interest rates unchanged on Wednesday amid tepid inflation and recent weak economic data, but...
ECB’s Draghi says looking at options to drive QE forward
European Central Bank President Mario Draghi said on Thursday the bank was looking at options to ensure it could pursue its unprecedented money-printing programme, with...
Sterling firm near 7-week highs on robust UK data
Sterling rose to trade near a 7-week high against the dollar on Tuesday, amid expectations that Britain had probably dodged a recession in coming months...
Bank of England cuts rates, ready for ‘whatever action necessary’ after Brexit vote
The Bank of England cut interest rates on Thursday for the first time since 2009, revived its bond-buying programme and said it would take “whatever...
ECB keeps policy steady, sees Brexit initially contained (Updated)
The European Central Bank kept its interest rates and policy plans unchanged on Thursday and said the immediate stress caused to markets by Britain’s shock...
After failed coup, Turkey’s central bank cuts rates again
Turkey’s central bank cut interest rates for the fifth straight month on Tuesday, lowering its overnight lending rate by an expected 25 basis points days...
Sterling trims gains, shares rise as Bank of England signals August cut
Sterling slid off a two-week high on Thursday and British share prices rose modestly on expectations that the Bank of England would ease monetary policy...
Bank of England surprises markets by keeping rates on hold, signals August move
The Bank of England kept interest rates unchanged on Thursday, wrong-footing many investors who had expected the first cut in more than seven years with...
Borrowing and deposit rates drop in May, CBC says
Interest rates on new deposits fell in May from April on accounts held by both households and companies while new loans generally became more affordable,...
Sterling plunges to 31-year low, biggest ever fall, as UK votes Brexit (Update 3)
British markets plunged on Friday, with sterling hitting a 31-year low in its biggest fall on record and UK stock futures pointing to a steep...
US economy hits soft patch in Q4 as inventories, trade weigh
By Lucia Mutikani US economic growth braked sharply in the fourth quarter as businesses stepped up efforts to reduce an inventory glut and a strong...
Borrowing rates drop in July as deposit rates rise
By Stelios Orphanides The cost of borrowing fell in Cyprus in July compared to the previous month, mainly benefiting bank customers who applied for consumer...