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Cyprus banks passed on fewer ECB rate rises to savers, says ECB report · Cyprus Report

Business · Cyprus

Cyprus banks passed on fewer ECB rate rises to savers, says ECB report

1 sourceFirst reported 2 hours agoUpdated 2 hours ago

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Cyprus was identified as one of the euro area countries where banks have been slow to pass on European Central Bank (ECB) interest rate increases to depositors.
A new ECB working paper analyzed how banks adjusted deposit rates between 2007 and 2024.
The findings indicate a trend of banks in Cyprus increasing deposit rates less aggressively compared to other nations in the region following ECB rate hikes.
This research reflects broader patterns in how different countries' banks respond to ECB monetary policy changes.
The examination presents data and insights relevant to understanding banking practices in relation to ECB rate adjustments.

Generated by AI from the 1 sources below · always verify with the originals

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All coverage (1)

Cyprus among countries where banks passed on fewer ECB rate rises to saversCyprus Mail · 2 hours ago

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AI summary: catch up in 20 seconds

Cyprus was identified as one of the euro area countries where banks have been slow to pass on European Central Bank (ECB) interest rate increases to depositors.
A new ECB working paper analyzed how banks adjusted deposit rates between 2007 and 2024.
The findings indicate a trend of banks in Cyprus increasing deposit rates less aggressively compared to other nations in the region following ECB rate hikes.
This research reflects broader patterns in how different countries' banks respond to ECB monetary policy changes.
The examination presents data and insights relevant to understanding banking practices in relation to ECB rate adjustments.

Generated by AI from the 1 sources below · always verify with the originals