CCyB rate on Cyprus exposures
Most recent update on CCyB rate:
29 March 2024: The Central Bank of Cyprus (CBC) leaves the countercyclical buffer (CCyB) rate unchanged at 1,0%, with effect as from 2 June 2024
The CBC, in accordance with the provisions of the Macroprudential Oversight of Institutions Laws of 2015 to 2022, deemed appropriate to maintain the CCyB rate at 1%, which is the rate adopted as per the latest decision of the CBC dated 2 June 2023. The said rate is effective as from 2 June 2024.
The summary table of the quantitative indicators used by the CBC in its relevant quantitative analysis, including the credit-to-GDP ratio and its deviation from the long-term trend (Credit-to-GDP gap), is set out in the file.
Additional information on the CCyB rate, which has been set on a quarterly basis, effective from 1 January 2016, as well as on the buffer guide, is provided in this file.
Previous update on CCyB rate:
1 December 2022: The CCyB rate is increased from 0% to 0,5%, with effect as from 30 November 2023
Current CCyB Rates in Europe as per the ESRB website and worldwide as per BCBS: