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Cyprus Economy Resilient to International Disruptions, Says Central Bank Governor

Published March 9, 2026, 09:16
Cyprus Economy Resilient to International Disruptions, Says Central Bank Governor

The Governor of the Central Bank of Cyprus, Christodoulos Patsalides, stated that the Cypriot economy is resilient to international disruptions, thanks to its sound fundamentals, strong fiscal base, and robust banking system. The Cypriot banking system has high capital adequacy and liquidity, enabling it to absorb external shocks. At the same time, rising energy prices in the Eurozone are being closely monitored by authorities, as they may put pressure on inflation. The European Central Bank is continuously assessing economic data and adjusting monetary policy to maintain inflation at 2% in the medium term.