Cyprus
Low savings widened Southern Europe's fiscal gap: IMF paper
Fund study finds lack of savings in Southern European countries caused large current account deficits to form in the run-up to the global financial crisis
Incoming party renews efforts to topple Hungary’s Simor
Political heat on National Bank of Hungary governor András Simor intensifies as deputy chief of soon-to-be ruling party calls for his resignation
Cyprus governor says 2009 GDP will shrink
Prognosis contradicts European Commission's optimism about growth
Cyprus's Orphanides on inflation targeting
Inflation targeting has had a positive influence on policy even among central banks that have chosen not to adopt it, Athanasios Orphanides, the governor of the Central Bank of Cyprus, has said.
ECB dissenter Orphanides heralds deflation threat
Athanasios Orphanides, the governor of the Central Bank of Cyprus and a staunch advocate of a looser monetary-policy stance, has warned of the increasing threat of the eurozone deflation.
Orphanides comments highlight ECB divide
Comments by the governor of the Central Bank of Cyprus on Wednesday underlined the split between members of the European Central Bank's (ECB) Governing Council on whether eurozone interest rates should fall to zero.
Central Bank of Cyprus - Annual Report 2007
Cyprus's successful euro accession was the culmination of the collective efforts of the country's finance ministry and central bank, notes Athanasios Orphanides, the governor of the Central Bank of Cyprus, in his foreword to the institution's latest…
Cyprus refuses to sell gold
The Central Bank of Cyprus has rejected government calls to sell its remaining supplies of gold.
ECB Annual Report 2007
The third enlargement of the euro area, which took place on 1 January 2008 when Cyprus and Malta adopted the single currency, occurred in a smooth and efficient manner, Jean-Claude Trichet, the president of the central bank said in his introduction to…
Housing bequests hamper monetary policy in Cyprus
Social customs in the Cypriot housing market interfere with monetary transmission mechanisms, a paper by the Central Bank of Cyprus finds.
Cyprus and Malta join gold agreement
Cyprus and Malta, the two newest members of the eurozone, have signed up to the Central Bank Gold Agreement, which limits the amount of gold cooperating institutions can sell.
Euro makes rapid progress in Cyprus and Malta
Euro banknotes already account for 50% of the total in circulation in both Malta and Cyprus, the two Mediterranean islands that adopted the single currency on Tuesday.
ECB could hike rates, says Orphanides
The European Central Bank's rate-setting governing council will not rule out raising interest rates, Athanasios Orphanides, a member of the council and governor of the Central Bank of Cyprus, said on Thursday.
Cyprus cuts rates before eurozone entry
The Central Bank of Cyprus's rate-setting board on Friday unexpectedly slashed rates by 50 basis points to 4% to match the European Central Bank's benchmark rate.
Cyprus holds rates at 4.5%
The Central Bank of Cyprus's rate-setting monetary policy committee voted on Monday to keep its benchmark rate at 4.5% in its last scheduled decision.
Cyprus holds rates in spite of inflation fears
The Central Bank of Cyprus's rate-setting board voted on Monday to keep its overnight deposit rate at 4.5% despite rising inflation.
Central Bank of Cyprus - Annual Report 2006
In 2006, the Central Bank of Cyprus intensified its preparatory work for the adoption of the euro, which will become the country's currency on 1 January 2008.
Cyprus and Malta brace for the euro
With just two months to go before both island economies join the euro, Justin Keay compares Malta’s smooth preparations with the more problematic case of Cyprus.
Poland set to join ERM II in 2009, says Skrzypek
Slawomir Skrzypek, the governor of the National Bank of Poland, said the country looked likely to join the pre-euro exchange rate mechanism, ERM II, in 2009.
Cyprus holds rates
The Central Bank of Cyprus decided to leave its benchmark rate at 4.5% on Monday.
Papademos on euro adoption in Malta and Cyprus
In this speech, Lucas Papademos, the vice-president of the European Central Bank, discusses the adoption of the euro in Malta and Cyprus. The two island economies will adopt the euro on 1 January 2008.
Balkan central banks agree on regulation framework
The central banks of six Balkan countries and Cyprus on Friday have agreed on a framework of regional cooperation to improve banking supervision, streamline operations and help fight money laundering and the financing of terrorism.
Trichet's verdict on euro hopefuls
Speaking at a press conference after the ECB's rate rise last week, Jean-Claude Trichet, gave his assessment of countries striving to join the euro.
Cyprus surprises with unchanged repo rate
The Central Bank of Cyprus has raised the interest rate on its marginal lending facility and on the overnight deposit facility by 25 basis points. However, the rate on the central bank's main refinancing operations (repo rate) remains unchanged at 4.5%.