31/10/2022 09:00
The Central Bank of Cyprus has set the reference interest rate at 9.40% under the article 314A of the Cyprus Penal Code, Cap. 154 to combat usury.
The previous reference rate was set at 8.93%.
Under the article 314A, the maximum permissible rate of interest, known as the reference rate, is set by the Central Bank of Cyprus on a quarterly basis.
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