Central bank cuts interest rate

Cyprus’s central bank cut interest rates by a quarter percentage point on Friday in an unexpected move that dealers saw as a possible testing of the waters on gradual convergence with eurozone rates.

Central Bank increases key interest rates

Cyprus Central Bank Governor announced that the Monetary Policy Committee (MPC) decided to increase the key interest rates by one percentage point, bringing the marginal lending facility to 5.5 per cent and the overnight deposit facility to 3.5 pe