Cyprus banks see economic growth from ECB rate cuts

President of the Association of Cyprus Banks Aristides Vourakis on Thursday expressed optimism over continued economic growth in Cyprus, driven by recent interest rate cuts from the European Central Bank (ECB).

During a meeting on Thursday with Finance Minister Makis Keravnos, Vourakis said that these cuts are already being reflected in lending rates within Cyprus.

At the meeting, Vourakis shared the banking sector’s satisfaction with the positive trajectory of Cyprus’ economy...