The Central Bank of Cyprus marked European Statistics Day by highlighting an agreement with other statistical bodies in Cyprus to promote a joint effort to strengthen statistical literacy. The aim is to make data and their correct interpretation more accessible to all groups of potential users, supporting informed decisions by individuals, businesses and policymakers. The central bank also highlighted its existing role as a primary compiler of monetary and financial statistics, external statistics, quarterly financial accounts and payments statistics. Producing these figures involves continuous data collection, processing, quality control and dissemination in accordance with European and international standards. The literacy effort addresses the knowledge needed to understand and interpret those figures.
Central Bank of Cyprus outlines joint effort to strengthen statistical literacy
The Central Bank of Cyprus highlighted an agreement with other statistical bodies in Cyprus to strengthen statistical literacy and make data easier to interpret across user groups. Marking European Statistics Day, it also reviewed its role in compiling official financial, external and payments statistics.