Gap between Cypriot and eurozone rates persists

There is still a wide spread betwixt deposit and lending involvement rates successful Cyprus compared to the eurozone average. Lending rates successful Cyprus are importantly higher than elsewhere successful the eurozone, while deposit rates are lower, according to July information issued by the Central Bank of Cyprus (CBC).

For caller household term deposits of up to 1 year, the mean of each institutions successful Cyprus is 1.08%, compared to a 1.72% eurozone average. 

Regarding existing household term deposits with a maturity of up to two years, the mean successful Cyprus is 0.85%, compared to a eurozone mean of 1.99%. 

For caller term deposits of non-financial companies, with a maturity of up to 1 year, the mean of each fiscal institutions successful Cyprus is 1.21% compared to a 1.88% eurozone average. 

As regards existing term deposits of non-financial companies, with a maturity of up to two years, the mean involvement complaint successful Cyprus is 1.2% and the eurozone mean is 2.11%.

As regards caller owe indebtedness contracts, the mean successful Cyprus is 3.9%. No information is provided for the European average.