The interest rate on deposits from households with an agreed maturity of up to one year continued its downward trend falling to 1.73% compared with 2.30% in the previous month.

The corresponding interest rate for deposits from non-financial corporations recorded a decrease for the second consecutive month to 1.57% compared with 2.26% in the previous month.

Furthermore, the interest rate on consumer loans decreased for the third consecutive month to 4.69% compared with 5.19% in the previous month.

The interest rate on loans for house purchase registered a decline of 69 basis points to 3.76% compared with 4.45% in February.

Source: Famagusta Gazette