CBC maintains countercyclical buffer rate at 1%

07:56 - 02 July 2024

Economy Reporter

The Central Bank of Cyprus has decided to maintain the countercyclical buffer (CCyB) at 1%.

According to a press release, the CBC, in accordance with the provisions of the Macroprudential Oversight of Institutions Laws of 2015 to 2022, deemed it appropriate to maintain the countercyclical buffer (CCyB) rate at 1%, effective as from 2 June 2024.

(Source: CNA)

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