国际货币基金组织：2024塞浦路斯：精选问题报告（英文版）

Inflation in Cyprus dropped in 2023 due to the diminishing impact of supply-side shocks and moderating demand. But some domestic price pressures persist, mostly from non-fiscal aggregate demand. ECB tightening has significantly impacted interest rates, including for outstanding mortgages. Deposit rates saw delayed and smaller increases, likely driven by high banking sector liquidity and low competition. Continued commitment to containing aggregate demand is supporting the final stage of