central bank Archives - Financial Mirror

Central Bank lowers GDP growth forecasts

The Central Bank of Cyprus revised its projections for GDP growth, estimating it will be 2.4% this year and 2.7% in 2024, down from its June estimate of 2.6% and 2.8%. In

25th September 2023

Cyprus/Economy

Banking sector more resilient, Central Bank says

The banking sector has enhanced its strength and resilience through 2023, despite the turmoil of recent economic and geopolitical events, Cyprus Central Bank governor Constantinos Herodotou said. In his speech on Wednesday at the

21st September 2023

Cyprus/Economy

Central Bank to absorb legal costs of bondholders

The Central Bank of Cyprus said it would accept requests for reduced legal costs in lawsuits filed by bondholders of the Bank of Cyprus or Laiki Bank, who saw their savings wiped out

4th July 2023

Business

Central Bank predicts unchanged 2.6% GDP growth

The Central Bank of Cyprus believes the Cypriot economy will expand by 2.6% GDP in 2023, with positive developments observed in private consumption offset by any impact of sanctions on Russia for

22nd June 2023

Cyprus/Economy

Central Bank warns borrowers of mortgage hikes

The Central Bank of Cyprus warned households to be wary of interest rate options and clauses when negotiating a mortgage deal. In an announcement, the CBC said the upward trend in interest

2nd June 2023

Business

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

20th January 2023

Cyprus/Economy

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

29th July 2022

Cyprus/Economy

Central Bank allays fears of property bubble

Currently, the real estate sector is not a destabilising factor for the banking system, nor are there concerns over a property bubble or residue from the defunct Citizenship for Investment scheme, argues

21st July 2022

Cyprus/Property

Central Bank forecasts 3.8% GDP growth for 2021

Cypriot GDP is projected to recover by 3.8% in 2021, following a contraction of 5.1% last year, according to the Cyprus Central Bank’s economic bulletin. In 2022 and 2023, GDP is expected

2nd July 2021

Cyprus/Economy

Central Bank warns crypto is ‘high risk’

The Central Bank of Cyprus issued a warning to people involved in cryptocurrencies or other virtual currencies, urging them to consider the high degree of risks involved. It reminded people that some

29th April 2021

Cyprus/Markets

central bank

Central Bank lowers GDP growth forecasts

Banking sector more resilient, Central Bank says

Central Bank to absorb legal costs of bondholders

Central Bank predicts unchanged 2.6% GDP growth

Central Bank warns borrowers of mortgage hikes

Central Bank warns over private debt

Central Bank downgrades GDP growth

Central Bank allays fears of property bubble

Central Bank forecasts 3.8% GDP growth for 2021

Central Bank warns crypto is ‘high risk’

More incentives required to build mountain homes

‘Are we doing enough?’

MOODYS: Turkey accelerating monetary tightening is positive

More electric shocks for consumers

Paphos property market booming

More incentives required to build mountain homes

Squeeze on motorists to pay fines