CBC governor warns against complacency

Governor of the Central Bank of Cyprus (CBC), Christodoulos Patsalides, has told banks to take into account both the social aspect and the enhancement of the competitiveness of the economy when formulating their pricing policy.

Failure to do so, he warned, could harm their image and put at risk the reputation of the banking sector.

In an interview with Cyprus News Agency, ahead of the meeting of the Board of the ECB on monetary policy issues next week, Patsalides pointed to...