Tag: interest rates

ECB raises interest rates to 2.5%

The European Central Bank has raised its interest rates as the conflict in the Middle East continues to fuel inflationary pressures, with inflation expected...

Consumer and business loans become more expensive

Credit activity in Cyprus slowed significantly in July 2026, with net new loans falling to €415 million, compared with €626.2 million in June, a...

How Cyprus banks are pricing in Middle East war risks

The war in the Middle East has moved beyond general warnings and into the adverse-scenario probabilities and expected credit losses calculated by Cyprus' three...

Rising oil prices pose wider economic risks

Rising Middle East oil prices are expected to have consequences far beyond higher fuel costs, with an economist warning of mounting inflationary pressures, possible interest rate...

One million more UK homeowners set to face higher mortgages

More than five million homeowners in the UK are now expected to see their mortgage payments increase by the end of 2028, according to...

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Paphos: Rescue operation launched for 10 people aboard sinking vessel

Cypriot authorities carried out a rescue operation involving ten...

Limassol: Youths throw object at delivery driver, injuring his head and nose

Cyprus Police are investigating an incident in Limassol in...

Missing 61-year-old Olga: Witness reports hearing a scream and seeing a car with its boot open

A witness account describing a scream heard near the...

Italy protests spread to more than 50 cities

Farmers dumped manure on the streets of Turin on...
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