Central Bank on defensive after documents leak

The Cyprus Central Bank (CBC) on Thursday defended its policies after a damning probe on the island’s financial centre, arguing it has tight anti-money laundering mechanisms in place. Following the ‘Cyprus Confidential’

Central Bank warns over private debt

Cyprus Central Bank governor Constantinos Herodotou called for awareness over rising private debt as the economic outlook deteriorates due to the prolonged Russian invasion of Ukraine. Herodotou called for increased vigilance to


Central Bank downgrades GDP growth

The Central Bank of Cyprus (CBC) has downgraded its forecast for 2022 GDP economic growth by 0.9 percentage points due to the negative effects of the Ukraine war and the sanctions against