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The Central Bank of Cyprus (CBC) has indicated that deposit rates in Cyprus remain below those observed across the eurozone, even as lending rates present a more mixed picture across different categories.   According to the CBC’s latest data, the average interest rate for new housing loans in Cyprus stood at 3.04 per cent in February, compared with a higher eurozone average of 3.41 per cent. For household deposits with a maturity of up to one year, the average rate reached 1.

Cyprus registered a further drop in unemployment in February 2026, even as joblessness across the euro area edged higher on a monthly basis, according to newly released data from Eurostat.   The figures showed that Cyprus’ unemployment rate fell to 4.20 per cent in February 2026, compared with 4.50 per cent in the same month a year earlier, highlighting continued strengthening in the country’s labour market. In absolute terms, the number of unemployed individuals declined to

Inflation in the eurozone returned to the European Central Bank’s 2% target in December, offering reassurance to policymakers as price pressures continue to ease. Eurozone inflation fell to 2% in December, meeting the ECB’s price stability goal and reinforcing indications that the sharp surge in prices seen over recent years is gradually fading. Flash estimates published by Eurostat on Wednesday showed that the annual rate of consumer price growth slowed from 2.1% in November