Cyprus Business Now: BoC rates, hoteliers association, employment, Vassiliko

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 again have