Cyprus banks maintain high lending and low deposit rates, ECB data shows

Cyprus banks continued to offer higher-than-average lending rates and below-average deposit rates in November, widening the gap with other eurozone countries, according to European Central Bank data. The interest rate for household deposits up to one year in Cyprus fell to 1.70% in November from 1.76% in October, placing the country second-lowest in the eurozone, … Continue reading Cyprus banks maintain high lending and low deposit rates, ECB data shows