NFP report disappoints markets

By Naeem Aslam   The US jobs number failed to bring a massive surprise on either side. Non-farm payrolls rose by 187,000 in July, falling short of the market expectation of 200,000 and

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UCY: 2023 GDP growth, inflation at 3%

GDP growth and inflation will drop to 3% in 2023, according to forecasts of the University of Cyprus’ Economic Research Centre. The ERC noted the projection for 2023 remains unchanged compared to

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Inflation at two-year low 2.8%

Harmonized inflation plunged in June to 2.8% compared to last year, falling to the lowest level in nearly two years due to a significant drop in energy prices. A year earlier, the annual

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Inflation hits 25-month low

Cyprus’ annual inflation reached its lowest level in 25 months in June, hovering at 1.9%, mainly due to the decline in food prices. According to the Statistical Service, the Consumer Price Index

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Government mulling new relief measures

The government will introduce more measures to fence off the effects of persisting high inflation following news that interest rates will rise after the latest increase imposed by the European Central Bank.

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