Demand for home, car loans suppressed in May compared to March and early April

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Demand for home, car loans suppressed in May...
 © In-Cyprus 2022
Demand for home and car loans in Cyprus was suppressed in May compared to March and early April and this is attributed to the ongoing growing inflation and rising costs.

Also under consideration by both households and businesses is the possibility of increased interest rates and the growing inflationary pressure on salaries, according to analysts.

Cyprus Central Bank latest data shows that, in April 2022, the total new loans decreased to €264.5 million, compared to €506.7 million the previous month.

And new consumer loans in April fell to €13 million, compared to €14.1 million in March. New...


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Article automatically added to our system on Monday, June 6, 2022

Demand for home, car loans suppressed in May compared to March and early April


Contents of this article including associated images are © In-Cyprus 2022
Views & opinions expressed are those of the author and/or In-Cyprus .

Article Tags: #demand   #loans   #suppressed   #compared   #march   #early   #april  


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