ECB policymakers agreed that it was better to tackle the substantial downward shift in the inflation outlook through a targeted and temporary programme (the PEPP), rather than a recalibration of the existing policy package, the accounts of its June 4-5 meeting showed. Officials also signaled readiness to unwind monetary stimulus once the pandemic shock to the inflation path subsides, saying the monetary stance could again be controlled by calibrating the Governing Council's pre-crisis suite of policy instruments.

Interest Rate in the Euro Area averaged 1.84 percent from 1998 until 2020, reaching an all time high of 4.75 percent in October of 2000 and a record low of 0 percent in March of 2016. This page provides - Cyprus Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.

Interest Rate in Cyprus is expected to be 0.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Cyprus to stand at 0.00 in 12 months time. In the long-term, the Cyprus Interest Rate is projected to trend around 0.00 percent in 2021, according to our econometric models.

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Cyprus Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.00 4.75 0.00 1998 - 2020 percent Daily

Cyprus Money Last Previous Highest Lowest Unit
Interest Rate 0.00 0.00 4.75 0.00 percent [+]
Foreign Exchange Reserves 1032.80 1002.60 4452.70 174.70 EUR Million [+]


Cyprus Interest Rate
Cyprus is a member of the European Union which has adopted the euro. Cyprus's benchmark interest rate is set by the European Central Bank. The official designation for the rate is main refinancing operation