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12° Nicosia,
14 November, 2026
 

News Room

Eurozone inflation remains stubbornly high as ECB prepares another rate hike

Newsroom The European Central Bank is expected to increase interest rates again in December, with inflation running at twice its target and uncertainty over energy costs keeping policymakers under pressure. While most economists believe the decision will mark the final increase in the current tightening cycle, more than a third anticipate another hike in early 2027.
The ECB has increased interest rates in an effort to control inflation through monetary policy, which has put Cypriot banks through a new stress test.

Banks are revising lending rates

They are conducting working exercises to ensure that new allocations reflect the current circumstances and interest rate ...
Panayiotis Rougalas
 |  BUSINESS
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