The Central Bank of Cyprus (CBC) leaves the countercyclical buffer rate unchanged at 1%, with effect as from 2 June 2024
The CBC, in accordance with the provisions of the Macroprudential Oversight of Institutions Laws of 2015 to 2022, deemed appropriate to maintain the countercyclical buffer (CCyB) rate at 1%, effective as from 2 June 2024 and adopted as per the latest decision of the CBC dated 2 June 2023.
In accordance with the above decision as well as with prior decisions on the same matter, the countercyclical buffer rate that is effective as from 30 November 2023 is 0,5% and as from 2 June 2024 is increased further to 1,0%.
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