Cyprus Central Bank Reports Borrowing Rates Align with Euro Area Median Amid Low Deposit Yields

Cyprus Business Now: Schengen, banks, Jumbo, property, inflation

Cyprus borrowing rates were broadly in line with the euro area median in July, while deposit rates remained the lowest in the euro area, according to the Central Bank of Cyprus (CBC). The central bank said the divergence in deposit rates could be linked to the high liquidity of Cyprus banks, as well as the relatively […]