Central Bank of Cyprus reports February 2026 interest rate statistics

In February 2026, the Central Bank of Cyprus reported declines in most lending and deposit interest rates. Household deposit rates fell to 1.19%, while rates for non-financial corporations also dropped to 1.19%. Consumer loan rates decreased to 7.12%, with corporate loans under 1 million euros reaching 4.22% and those over 1 million euros at 4.15%. New net lending rose to 328.7 million euros from 247.3 million in the previous month, despite total new loans falling to 435.1 million euros. The Bank noted that fluctuations in average mortgage rates can occur due to portfolio composition changes rather than policy shifts. Cyprus maintains some of the lowest deposit rates in the Eurozone, attributed to high bank liquidity, with a Liquidity Coverage Ratio of 330% compared to an EU average of 163%. Additionally, the pass-through rate of interest rate changes remains slower in Cyprus than in other Eurozone countries.