Interest Rate in Cyprus

Cyprus Interest Rate | Economic News & Forecasts

Cyprus - Interest Rate

Annual growth picked up in Q3 on the back of more upbeat external demand, after slowing to an over four-year low in the second quarter. Domestically, although private consumption held solid and public expenditure growth was its highest in over two decades, shrinking inventories and cooling investment activity weighed heavily on demand. Heading into Q4, available data is mixed: Business confidence strengthened in October–November compared to Q3 while tourist arrivals picked up pace in the same period; however, households turned more pessimistic—boding ill for consumer spending. In other news, at the conclusion of its Article IV visit to the island on 27 November, the IMF welcomed the country’s robust economic recovery and authorities’ efforts to address vulnerabilities in the banking sector. It also, however, encouraged further progress towards ensuring an effective NPL resolution framework.

Cyprus - Interest Rate Data

2013   2014   2015   2016   2017  
Policy Interest Rate (%)-     -     -     -     -     

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Cyprus Interest Rate Chart


Euro Interest Rate
Note: ECB Refinancing Rate in %.
Source: European Central Bank.

Cyprus Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

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