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Christodoulos Patsalides, governor of the Central Bank of Cyprus (CBC), has indicated that the European Central Bank (ECB) is becoming increasingly likely to raise interest rates in June as inflation risks continue to intensify across the eurozone. Speaking in an interview with financial news agency MNI, later cited by Bloomberg, Patsalides said deteriorating economic conditions, rising oil prices and heightened geopolitical uncertainty are placing additional pressure on in

High concentration in banking markets delays the speed at which central bank interest rate changes reach consumers and businesses, according to a study released by the Central Bank of Cyprus (CBC) on Tuesday. The study, authored by Aris Avgousti and Stephani Michael of the centre for strategy and policy production, revealed that banking concentration and monetary policy transmission remain intrinsically linked, with more concentrated markets exhibiting a weaker and slower pas

The Central Bank of Cyprus has unveiled the CBC Blog, a new digital communication platform designed to deepen public understanding of economic developments and the role of central banking. The initiative, according to the bank, is part of a broader strategy to strengthen transparency and improve the flow of information to the public regarding economic conditions and monetary policy. Through this newly established blog, the central bank aims to publish timely, accessible and a