EURO AREA DEPOSIT RATES RISE AS CYPRUS SAVERS REMAIN AMONG LOWEST PAID

What happened: Cyprus depositors continued to receive some of the lowest savings returns in the eurozone in September 2026, per figures from the Central Bank of Cyprus and the ECB, despite an improvement in deposit rates. Key numbers: Cyprus new household deposits up to one year rose to 1.62 per cent from 1.35 per cent. Why it matters: The CBC attributed weak transmission to excess liquidity among Cypriot credit institutions, among the highest in the eurozone, and the sector's relatively short maturity profile. The figures underline the contrast with rising euro area deposit rates.

Cyprus depositors continued to receive some of the lowest savings returns in the eurozone in September 2026, per figures from the Central Bank of Cyprus and the ECB, despite an improvement in deposit rates.

The CBC attributed weak transmission to excess liquidity among Cypriot credit institutions, among the highest in the eurozone, and the sector's relatively short maturity profile. The figures underline the contrast with rising euro area deposit rates.