Cyprus Interest Rate

The benchmark interest rate in Cyprus was last recorded at 0.25 percent. . Cyprus is a member of the European Union which has adopted the euro. Cyprus's benchmark interest rate is set by the European Central Bank. This page provides - Cyprus Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.25 0.25 4.75 0.25 0.25 | 2014/06 1998 - 2014 Percent Monthly

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Cyprus Interest Rate
LIST BY COUNTRY

Money Last Previous Highest Lowest Forecast Unit
Interest Rate 0.25 2014-04-03 0.25 4.75 0.25 0.25 2014-06-30 Percent [+]
Foreign Exchange Reserves 659.90 2014-03-31 666.30 4452.70 174.70 644.93 2014-06-30 EUR Million [+]
Money Supply M1 4429.00 2007-12-31 4209.00 4429.00 792.00 4335.52 2008-01-31 EUR THO [+]
Money Supply M2 18440158.00 2007-11-30 18178113.00 18440158.00 6024459.00 18645568.75 2007-12-31 EUR THO [+]
Money Supply M3 23374.00 2007-12-31 22649.00 23374.00 4451.00 23541.49 2008-01-31 EUR THO [+]
[+]


Interest Rate | Notes
The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.


RELATED NEWS

Cyprus Tourist Arrivals at 45227.00  
Tourist Arrivals in Cyprus increased to 45227 in February of 2014 from 40675 in January of 2014. Tourist Arrivals in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Unemployed Persons at 71651.00 Thousand  
The number of unemployed persons in Cyprus decreased to 71651 Thousand in the fourth quarter of 2013 from 72660 Thousand in the third quarter of 2013. Unemployed Persons in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Yearly Wage Growth Rate at 2.60 Percent  
Wages in Cyprus increased to 2.60 percent in 2011 from 2.40 percent in 2010. Wages in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Youth Unemployment Rate at 40.50 Percent  
Youth Unemployment Rate in Cyprus decreased to 40.50 percent in December of 2013 from 40.80 percent in November of 2013. Youth Unemployment Rate in Cyprus is reported by the Eurostat.
Cyprus Balance of Trade at -213393.00 EUR Thousand  
Cyprus recorded a trade deficit of 213393 EUR Thousand in February of 2014. Balance of Trade in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Current Account at 184.60 EUR Million  
Cyprus recorded a Current Account surplus of 184.60 EUR Million in the third quarter of 2013. Current Account in Cyprus is reported by the Central Bank of Cyprus.
Cyprus Exports at 106861.00 EUR Thousand  
Exports in Cyprus decreased to 106861 EUR Thousand in February of 2014 from 110791 EUR Thousand in January of 2014. Exports in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Imports at 320254.00 EUR Thousand  
Imports in Cyprus decreased to 320254 EUR Thousand in February of 2014 from 381738 EUR Thousand in January of 2014. Imports in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Industrial Production at -6.62 Percent  
Industrial Production in Cyprus decreased 6.62 percent in January of 2014 over the same month in the previous year. Industrial Production in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Inflation Rate at -2.29 Percent  
The inflation rate in Cyprus was recorded at -2.29 percent in March of 2014. Inflation Rate in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
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