Cypriot banks have lowered their key interest rates, with expectations of further reductions throughout 2025, in response to decisions made by the European Central Bank (ECB) .
The director of retail banking at the Bank of Cyprus, Theodosios Theodosiou, stated in an interview with state radio that “the Bank of Cyprus, with a steady focus on the needs of society, immediately implemented all the measures announced on December 20, 2024”.
