The Bank of Cyprus on Friday announced a fresh reduction in its reference interest rate for loans linked to the European Central Bank’s (ECB) base rate, in direct response to the ECB’s latest monetary easing .
The bank will lower its rate from 2.40 per cent to 2.15 per cent , with the change taking effect from June 11, 2025.
“This is a 0.25 percentage point cut that will once
