Which interest rates are increasing, which are decreasing
The central bank has published an update on the changes in interest rates on loans and deposits in Cyprus in January 2023.
Interest rates on loans and deposits in Cyprus show mixed trends, according to data published by the Central Bank.
The interest rate on consumer loans increased in January to 4.68%, compared to 4.21% the previous month.
The interest rate on home loans fell to 3.11%, compared to 3.34% the previous month.
The interest rate for loans to non-financial companies for amounts up to €1 million showed an increase to 4.82%, compared to 4.71% the previous month. The interest rate for loans to non-financial companies for amounts above €1 million registered an increase to 5.37%, compared to 3.52% in the previous month.
Regarding the interest rate for deposits with a term of up to one year from households, it decreased to 0.24%, compared to 0.35% in the previous month.
The corresponding interest rate for deposits from non-financial companies showed an increase to 0.70%, compared to 0.61% in the previous month.
Source: stockwatch.com.cy
Photo: stockwatch.com.cy
3 March 2023
