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US interest rates have been increased for the first time in more than three years, with the Federal Reserve indicating that further rises could follow as it seeks to bring persistent inflation under control. The Federal Reserve unanimously voted to raise its benchmark interest-rate range from 3.5%-3.75% to 3.75%-4%. The decision came despite strong opposition from President Donald Trump, who had repeatedly urged the central bank to reduce borrowing costs. Fed Chair Kevin Wars

Net new loans in Cyprus declined in November 2025, according to a report released this week by the Central Bank of Cyprus. Specifically, net new loans fell to €256.3 million from total new loans of €565.2 million, compared with €429.4 million from total new loans of €624.9 million in October 2025. The Central Bank’s report also included statistical data on average interest rates applied by monetary financial institutions in Cyprus on deposits and loans to euro area residents