According to data released on Friday by the Central Bank of Cyprus the interest rate on consumer credit recorded a marginal decrease to reach 4.22%, compared with 4.23% in the previous month.
The interest rate on housing loans fell to 2.75%, compared with 2.82% in the previous month.
The interest rate on loans to non-financial corporations for amounts up to €1 million decreased to 4.03%, compared with 4.05% in the previous month. The interest rate on loans to non-financial corporations for amounts over €1 million rose to 3.63%, compared with 3.56% in the previous month.
The interest rate on deposits from households with an agreed maturity of up to one year fell to 1.26%, compared with 1.35% in the previous month.
The corresponding interest rate on deposits from non-financial corporations also registered a decline to reach 1.38%, compared with 1.48% in the previous month.
Source: InCyprus