Nicosia, Cyprus. The Central Bank of Cyprus (CBC) reported increased convergence between average interest rates in Cyprus and the eurozone for both deposits and loans. The central bank cited detailed data published for December 2025.
Deposit rates compared with eurozone averages
The CBC said interest rates on new household time deposits up to one year averaged 1.20 per cent across all banks in Cyprus, compared with a eurozone average of 1.77 per cent.
For new time deposits up to one year from non-financial corporations, the average in Cyprus was 1.27 per cent across all Monetary Financial Institutions, compared with 1.93 per cent in the eurozone.
Housing loan rates
Interest rates on new housing loans to households who are eurozone residents, denominated in euro and regardless of the initial rate fixation period, averaged 3.11 per cent across all banks in Cyprus, compared with 3.32 per cent in the eurozone.
Transparency initiative and monthly data publication
The CBC said it has been publishing detailed interest rate data for deposits and loans for each credit institution since July 2024, as part of an effort to strengthen transparency.
The central bank said the monthly publication contributes to easier public information and provides households and businesses with direct access to more comprehensive information.
“Despite the fact that it is early to draw final conclusions, the results of this effort appear to be reflected in the published interest rate data,” the CBC said, adding that increased convergence is observed between Cyprus and eurozone average interest rates for deposits and loans.
The CBC said the publication includes detailed weighted average interest rate data based on information submitted by credit institutions to the central bank across a broad range of categories.
How do the latest published interest rate figures affect your choices on deposits or loans?
