Insider Economy Deposit, lending rates in Cyprus on the rise

Deposit, lending rates in Cyprus on the rise

Deposit and lending rates to non-financial corporations rose in July compared to June, while all other interest rates went down, according to data released by the Central Bank of Cyprus.

Deposit Rates

The interest rate on deposits from households with an agreed maturity of up to one year fell to 0.20%, compared to 0.32% in the previous month.

The corresponding interest rate on deposits from non-financial corporations rose to 0.32%, compared to 0.28% in the previous month.

Lending Rates

The interest rate on consumer credit decreased to 2.77%, compared to 2.99% in the previous month.

The interest rate on loans for house purchase recorded a decline to 2.08%, compared to 2.11% in the previous month.

The interest rate on loans to non-financial corporations for amounts up to €1 million registered an increase to 3.35%, compared to 3.23% in the previous month.

The interest rate on loans to non-financial corporations for amounts over €1 million rose to 3.26%, compared to 3.12% in the previous month. (CNA)

 

Read more:

https://in-cyprus.com/deposit-rates-and-interest-rates-on-consumer-credit-fall-in-june-home-loan-rates-rise/

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