President calls for lower interest rates

President Nikos Christodoulides has urged banks to take concrete steps in absorbing some of the increased cost of borrowing from interest rate hikes burdening the economy and households. During an interview with


Push to lower interest rates

Finance Minister Makis Keravnos is launching one more effort to convince Cypriot banks to absorb part of the increase in mortgage rates as he meets the banking association on Tuesday. The meeting


Rising interest rates deterring home buyers

Hiking interest rates are prompting Cypriot households to have second thoughts over borrowing money to buy their dream home as demand for mortgages declines rapidly, according to the Central Bank of Cyprus.

Central Bank expects 2.6% growth in 2023

The Central Bank of Cyprus (CBC) has marginally pushed up its projections for GDP growth this year citing the slightly improved prospects in the external economic environment and the anticipated lower energy


ECB interest rates going one way

Analysts do not expect to see the European Central Bank backing away from its intentions to raise interest rates by another 50 basis points at their meeting on Thursday. In a note,

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