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Banking Law

Cyprus Banks Reacting to ECB Interest Rate Cuts

19 September 202419 September 2024Michalis C. Zambartasborrowers, cuts, Cyprus, deposits, Hellenic Bank, reduced interest rates

The European Central Bank (ECB) has reduced interest rates for the second time since June. The deposit rate, which is the ECB’s primary tool, was lowered from 3.75% to 3.5%,
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