![Cyprus banks see decline in most interest rates in November](https://cyprus-mail.com/wp-content/uploads/2023/07/euro-note-cash-banking-foreclosure-money.jpg)
Interest rates in Cyprus continued to decline in November 2024, with home loan rates averaging 4.50 per cent, down from 4.62 per cent in October, according to the Central Bank of Cyprus (CBC) .
The CBC’s latest report indicates a general decline in rates across most categories, following decisions by the European Central Bank. However, significant variations persist among financial institutions.
In addition, the report showed that Cyprus still has