The benchmark interest rate in Cyprus is set by the European Central Bank. source: European Central Bank
Interest Rate in Euro Area averaged 1.71 percent from 1998 until 2023, reaching an all time high of 4.75 percent in October of 2000 and a record low of 0.00 percent in March of 2016. The benchmark interest rate in Cyprus is set by the European Central Bank.European Central Bank. This page provides - Cyprus Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.
Interest Rate in Cyprus is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Interest Rate is projected to trend around 3.50 percent in 2023 and 2.75 percent in 2024, according to our econometric models.