The Central Bank of Cyprus calculated the reference interest rate under Article 314A of the Criminal Code at 11.32%, with economic or property benefits above that rate in specified lending and payment transactions constituting an offense punishable by up to five years in prison, a fine of up to EUR 30,000, or both.
Central Bank of Cyprus2026-07-31
Central Bank of Cyprus calculates criminal law reference interest rate at 11.32%
The Central Bank of Cyprus calculated the reference interest rate under Article 314A of the Criminal Code at 11.32%, above which specified lending charges may constitute an offense carrying imprisonment, a fine, or both.