The Central Bank of Cyprus published its 2025 bulletin on the implementation of monetary policy in Cyprus, reporting that excess liquidity in the Cypriot banking system fell to EUR 17.4 billion at the end of 2025 from EUR 18.4 billion at the end of 2024 and that its monetary policy bond portfolio under the Asset Purchase Programme and Pandemic Emergency Purchase Programme declined to EUR 5.7 billion from EUR 6.5 billion over 2025.