Economic research and market commentary from our investment office, alongside news from across
the bank — written for clients who think in decades, not quarters.
Macro & Markets·Featured·
ECB holds the line: what a slower easing path means for European savers
With eurozone headline inflation settling near 2.1%, the Governing Council has signalled a more
gradual path for rate cuts than markets had priced in the spring. We examine what a "higher-for-longer
plateau" implies for cash, short-duration bonds and the cost of leverage — and why the case for
locking in today's deposit yields is stronger than the consensus suggests.
Laiki Bank closed the first half with a CET1 ratio of 17.6% and stable deposit funding, as net interest income normalised in a gently easing rate environment. A short read of the numbers behind the franchise.
Summer FX: the euro steadies as the rate gap narrows
With the ECB easing slowly and the dollar softening, EUR has consolidated above 1.13. We consider what a firmer single currency means for multi-currency portfolios and hedging into the autumn.
Half-year reappraisal: entering H2 with quality intact
As the second half opens, we revisit the balance between strategic and tactical capital. Quality bonds, real assets and disciplined liquidity remain the core; we flag where selective risk is being added.
June policy close: what lower rates mean for euro liquidity
As the second quarter ends, treasury teams are reassessing cash ladders, deposit tenors and reserve buffers. We outline where patience still pays and where reinvestment risk is rising.
East Med logistics: summer flows and corporate treasury planning
Shipping volumes, energy-linked receipts and working-capital cycles are shaping the region's early-summer funding needs. We highlight the signals that matter for internationally active businesses.
Cyprus enters summer with services momentum intact
Tourism bookings, professional services activity and technology investment continue to support domestic demand. We examine the balance between resilient growth and imported cost pressure.
Eurozone government bonds: where the curve still pays to wait
Two- to five-year sovereign paper continues to offer real yield with limited duration risk. We map the relative value across German, French and peripheral issuers as spreads compress.
The euro at 1.12: a structurally firmer single currency?
A narrowing rate differential with the dollar and a resilient eurozone current account are reshaping the medium-term outlook for EUR. Implications for multi-currency portfolios and hedging.
Mediterranean real assets: a 2026 mid-year reappraisal
Selective exposure to logistics, energy infrastructure and prime real estate across the southern eurozone is reasserting its role in capital preservation. Where we are adding, and where we are not.
A practical view of the non-domicile regime for internationally mobile families relocating to Cyprus, including the interaction with EU reporting and substance requirements.
As public spreads compress, disciplined underwriting in direct lending still rewards patient capital. We outline the risk controls that separate durable income from reach-for-yield.
Laiki Bank reaffirmed at investment grade, stable outlook
A leading agency has reaffirmed the bank's investment-grade rating, citing a CET1 ratio of 17.4%, resilient deposit funding and prudent risk management across the franchise.
Cyprus grows 3.1% as services and tech broaden the base
First-quarter output beat expectations, led by tourism, professional services and a maturing technology cluster around Limassol. We read the composition of growth and what it means for the island's resilience.
Reading the ECB: a measured path toward a 2% deposit rate
Markets and the Governing Council disagree on the pace. We set out the data the Council is watching — services inflation and unit labour costs — and how the easing cycle is likely to land for euro savers.
East Med energy and the shape of the Cypriot current account
Shipping, transit services and the prospect of regional gas are reshaping the island's external balance. We weigh the structural tailwinds against the financing needs of a small, open economy.
