The Central Bank of Cyprus (CBC) says that in accordance with the methodology described in its macroprudential policy, it did not deem necessary to adjust the countercyclical capital buffer (CCyB) rate for the period 1 January 2022 – 31 March 2022 and, therefore, the CCyB rate remains at 0% of the total risk exposure amount of each licensed credit institution in the Republic.
Based on the time series ending on 30 June 2021: The gap between the credit-to-GDP ratio and its long term trend (credit-to-GDP gap) based on the broad credit definition is -63.7.
Source: Cyprus News Agency