Cyprus deposit rates rise as consumer borrowing costs ease in June

The Central Bank of Cyprus (CBC) on Monday reported that deposit interest rates increased while consumer borrowing costs eased in June 2026, with the value of pure new lending also recording a sharp monthly rise driven by large corporate loans.

The data showed that the interest rate on household deposits with an agreed maturity of up to one year climbed to 1.42 per cent in June from 1.25 per cent in May....