Cyprus` deposit and lending interest rates remained in October 2014 the highest in the Eurozone, with the exception of the interest rate on consumer loans, according to data released Wednesday by the Central Bank (CB) of Cyprus and the European Central Bank (ECB).
The interest rate on deposits from households with an agreed maturity of up to one year increased to 2,67% compared with 2,59% in the previous month.
In contrast, the corresponding interest rate for non-financial corporations registered a decrease to 2,49% compared with 2,53% in the previous month.
All interest rate categories regarding loans to households recorded increases. The interest rate on consumer credit rose to 5,72% compared with 5,59% in the previous month.
In parallel, the interest rate on loans for house purchase increased to 4,63% compared with 4,31% in the previous month.
On the other hand, the main category of interest rates on loans to non-financial corporations recorded a decrease. In particular, the interest rate on loans for amounts over €1 million fell to 4,92% compared with 5,21% in the previous month.
