Cyprus Business Now: mortgages, investment in manufacturing, inflation at 2%

Rising interest rates, which have led to increased borrowing costs, have consequently weighed heavily on mortgage demand in Cyprus, according to Delfi Partners’ analysis, which examined data for the first three quarters of the last four years.

Demand for housing loans has been affected by the European Central Bank’s (ECB) interest rate increases, aimed at bringing inflation under control.

Notably, the fluctuations in Euribor—a critical benchmark for Cyprus’s mortgage rates—have...