Breaking news

Deposit And Lending Rates Decline In Cyprus: November Report Highlights

by THEFUTURE.TEAM

January 8, 2025

The Central Bank of Cyprus (CBC) has released its latest statistics for November, showing a general decline in both deposit and lending rates, with the notable exception of large corporate loans exceeding €1 million. The report also highlights a surge in new loan activity across various categories, indicating a dynamic shift in the financial landscape of Cyprus.

Deposit Rates See Moderate Declines

Interest rates on deposits for both households and non-financial corporations recorded slight decreases in November:

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Households: The interest rate for deposits with a maturity of up to one year fell to 1.70%, compared to 1.76% in October.
Non-Financial Corporations: Corporate deposit rates also declined, dropping to 1.99%, down from 2.19% in the previous month.

Lending Rates: A Mixed Picture

While most lending rates decreased in November, large corporate loans above €1 million experienced a rise:

Consumer Loans: Rates dropped significantly to 6.99%, a notable decline from 8% in October.
House Purchase Loans: The interest rate for home loans decreased to 4.50%, compared to 4.62% in the previous month.
Corporate Loans:
- Loans to non-financial corporations for amounts up to €1 million saw a decline to 5.01%, down from 5.45% in October.
- In contrast, loans exceeding €1 million recorded an increase in rates to 4.97%, up from 4.72%.

New Loan Activity Surges

November saw a significant rise in the total volume of new loans, which increased to €635.7 million, compared to €533.8 million in October.

Consumer Loans:
New consumer loans rose to €25.3 million, of which €22.3 million were classified as pure new loans. This marks an increase from €21.3 million (including €20.2 million pure loans) in October.
House Purchase Loans:
Home loans increased to €129.5 million, with €98.5 million in pure new loans, compared to €115.7 million and €96.1 million, respectively, in October.
Corporate Loans:
- Loans for amounts up to €1 million rose to €73.5 million, including €57.8 million in pure new loans, up from €57.3 million and €41.8 million, respectively, in October.
- Loans exceeding €1 million also grew significantly to €398.2 million, although pure new loans in this category decreased to €154.5 million, down from €201.8 million in October.

Implications For Cyprus’ Financial Sector

The combination of falling interest rates and increased loan activity reflects evolving financial trends in Cyprus. The lower borrowing costs appear to be encouraging higher loan uptake across sectors, particularly in consumer and housing markets. However, the increase in rates for large corporate loans suggests a nuanced approach by financial institutions in addressing varying market needs.

As businesses and households continue to adapt to changing economic conditions, these trends will be crucial in shaping the trajectory of Cyprus’ financial landscape heading into 2025.

The Future Forbes Realty Global Properties

EU Farm Output Prices Decline For The First Time In Nine Months

by THEFUTURE.TEAM

March 12, 2026

EU Market Adjustments Signal New Price Trends

Agricultural output prices across the European Union declined in the fourth quarter of 2025, marking a shift after several quarters of increases. Data from Eurostat shows that farm gate prices fell by 1.9% compared with the same period in 2024.

Crisis of Declining Prices In Select Markets

Cyprus recorded one of the more notable decreases in agricultural input costs among EU member states, with prices falling by 2.6% compared with Q4 2024. The reduction eased cost pressures for the local agricultural sector following periods of higher prices earlier in 2025. Across the EU, prices for goods and services consumed in agriculture remained relatively stable. Non-investment inputs such as energy, fertilisers and feedingstuffs showed limited overall changes during the quarter.

Country-Specific Divergence In Price Movements

Eurostat data highlights considerable variation across member states. Fifteen EU countries recorded declines in agricultural output prices. Belgium registered the largest decrease at 12.9%, followed by Lithuania (8.2%) and Germany (6.0%). At the same time, twelve countries reported increases in output prices. Ireland recorded the strongest rise at 6.8%, followed by Slovenia (5.6%) and Malta (4.2%).

Stability In Agricultural Inputs Amid Commodity Shifts

Agricultural input prices also showed mixed developments. Eleven member states recorded declines, including Cyprus (2.6%), Belgium (2.1%) and Sweden (2.0%). Other countries experienced moderate increases, including Lithuania (4.2%), Ireland (3.3%) and Romania (2.5%). Among major agricultural commodities, milk prices declined by 4.1% while cereal prices fell by 8.9% across the EU. In contrast, fertilisers and soil improvers increased by 7.9%, reflecting continued volatility in input markets.

Outlook For EU Agriculture

The latest Eurostat data points to uneven price developments across the EU agricultural sector. While input prices remained broadly stable in many markets, movements in output prices varied significantly between member states. These trends highlight the need for farmers and policymakers to adapt to shifting commodity prices and changing cost structures across the European agricultural market.