Deposit and lending rates increased
As can be seen from the data announced by the Central Bank, deposit and lending rates in Cyprus rose in May.
Deposit and lending rates in Cyprus increased in May, as can be seen from data announced by the Central Bank.
The interest rate on deposits with a term of up to one year from households increased to 0.79%, compared to 0.41% in the previous month.
The corresponding interest rate for deposits from non-financial companies showed an increase to 1.19%, compared to 0.73% in the previous month.
Loan Interest Rates
The interest rate on consumer loans increased to 4.97%, compared to 4.85% in the previous month.
The interest rate for loans to non-financial companies for amounts up to €1 million showed an increase to 5.37%, compared to 5.31% the previous month. The interest rate for loans to non-financial companies for amounts above €1 million registered an increase to 6.35%, compared to 5.41% in the previous month.
The interest rate on home loans fell to 4.21%, compared to 4.45% the previous month.
Source: stockwatch.com.cy
Photo: stockwatch.com.cy
6 July 2023
