Interest Rate in Cyprus
Cyprus - Interest RateAvailable data indicates that activity strengthened somewhat in the second quarter, after growth slowed to an over three-year low in Q1 amid a plunge in exports. Retail sales rebounded strongly in April, while the unemployment rate declined for the fourth consecutive month in May, hitting its lowest point in over eight years. This, combined with solid wage increases as of late and the sharp drop in inflation in the quarter, which should support household purchasing power, hint at private consumption growth bouncing back after cooling markedly in Q1. In addition, economic sentiment edged up in Q2 from Q1. This was mainly due to stronger confidence within the industrial sector, which could signal a recovery in industrial activity after output contracted, albeit marginally, in April. That said, the external sector remains weak, as reflected by merchandise exports nosediving in both April and May.
Cyprus - Interest Rate Data
|Policy Interest Rate (%)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Cyprus Interest Rate Chart
Source: European Central Bank.
|Exchange Rate||1.11||0.65 %||Jul 31|
|Stock Market||70.6||-0.44 %||Jul 31|
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August 14, 2019
Annual growth moderated to 3.0% in the second quarter, marking the slowest pace since Q3 2015 (Q1 2019: +3.2% year-on-year).
August 5, 2019
Consumer prices declined 1.3% from the previous month in July, contrasting June’s 0.1% month-on-month increase.
July 30, 2019
Annual working day-adjusted industrial production rose 0.2% in May, following the revised 0.8% expansion logged in April (previously reported: -0.3% year-on-year).
July 4, 2019
Consumer prices rose 0.1% from the previous month in June, matching May’s month-on-month increase.
June 27, 2019
Annual working day-adjusted industrial production contracted 0.3% in April, following the revised 1.5% fall logged in March (previously reported: -0.7% year-on-year).