Deposit rates in Cyprus remain lowest in Eurozone

The Central Bank of Cyprus (CBC) has reported that the transmission of European Central Bank (ECB) interest rate changes remains weaker in the Cypriot banking sector compared with most euro area countries, according to a new analysis accompanying April 2026 interest rate data.

The analysis shows that Cypriot banks pass on ECB rate changes to depositors to a more limited extent, and in some cases also to borrowers, with the most significant divergence observed in deposit interest rates, which...