Ιnterest rates fall in Cyprus but still among EU highest

4 February 2016
1391 Views

The interest rates on loans for house purchase decreased to 3.28 per cent in December 2015, whereas the previous month it was 3.37 per cent, data from the Central Bank of Cyprus said on Thursday.
Although this was a significant reduction from last year’s rate of 4.36 per cent, Cyprus still has the second highest rate in the euro area for house loans after Ireland (3.3 per cent).
The interest rate on consumer credit rose to 4.56 per cent, compared with 4.33 per cent in the previous month and is below the eurozone’s average (4.84 per cent).
The interest rate on loans to non-financial corporations for amounts up to €1 million recorded a marginal increase to 4.75 per cent, compared with 4.74 per cent in the previous month and remains the second highest in the eurozone after Greece (5.34 per cent).
The interest rate on loans to non-financial corporations for amounts over €1 million increased to 4.06 per cent, compared with 3.87 per cent in the previous month and it is also the second highest after Greece (5.19 per cent).
The interest rate on deposits from households with an agreed maturity of up to one year increased to 1.54 per cent, compared with 1.51 per cent in the previous month and is the second highest in the eurozone after the Netherlands (1.66 per cent).
The corresponding interest rate on deposits from non-financial corporations recorded a decline falling to 1.49 per cent compared with 1.53 per cent in the previous month; however it remains the highest in the eurozone.

You may be interested

Ankara blocks inspection of Turkish ship by German frigate in Libya (video)
SLIDE
shares30 views
SLIDE
shares30 views

Ankara blocks inspection of Turkish ship by German frigate in Libya (video)

makis - Nov 23, 2020

Ankara has prevented a German frigate, participating in the European Union’s “IRINI” mission, from inspecting a suspected Turkish cargo ship…

Biden Deputy Chief of Staff pushed “mandatory” firearm buybacks
WORLD
shares36 views
WORLD
shares36 views

Biden Deputy Chief of Staff pushed “mandatory” firearm buybacks

Panos - Nov 23, 2020

Jennifer O’Malley Dillon, would-be White House Deputy Chief of Staff for a Biden administration, managed Robert ‘Beto’ O’Rourke’s 2020 campaign and pushed…

The Greek island with the 235 Churches you must visit (drone video)
GREECE
shares47 views
GREECE
shares47 views

The Greek island with the 235 Churches you must visit (drone video)

Panos - Nov 23, 2020

Greece has been blessed to be sprinkled with hundreds of islands around its shores, with each offering visitors something unique.…

Leave a Comment

Your email address will not be published.