‘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...
interest rates
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...
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...
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...
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...
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...
