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A Pedestrian Walks Past A Money Exchange Bureau With A Board Displaying The Exchange Rate Of The U.S. Dollar Against The Chilean Peso, In Downtown Santiago October 30, 2014. A Year-long Investigation Into Allegations Of Collusion And Manipulation By Global Currency Traders Is Set To Come To A Head On Wednesday, With Britain's Financial Regulator And Six Big Banks Expected To Agree A Settlement Involving Around £1.5 Billion ($2.38 Billion) In Fines. The Settlement Comes Amid A Revival Of Long-dormant Volatility On The Foreign Exchanges, Where A Steady Rise Of U.S. Dollar This Year Has Depressed Oil Prices And The Currencies Of Many Commodity Exporters Such As Russia's Rouble, Brazil's Real And Nigeria's Naira - Setting The Scene For More Turbulence On World Financial Markets In 2015. Picture Taken October 30, 2014. REUTERS/Ivan Alvarado (CHILE  - Tags: BUSINESS CRIME LAW POLITICS)

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Cyprus Mortgage Rates fall to 9 year low

Mortgage rates in June dropped to their lowest level since 2007, according to the Central Bank of Cyprus. The interest rate on mortgages fell to 2.99%, from 3.09% in the previous month.
The figures showed that the interest rate on household deposits with an agreed maturity of up to one year remained unchanged at 1.49%, compared with the previous month.
The corresponding interest rate on deposits from non-financial corporations recorded an increase to 1.45%, compared with 1.34% in the previous month.
The interest rate on consumer credit decreased marginally to 4.47%, from 4.49% in the previous month.
The interest rate on loans to non-financial corporations for amounts up to EUR 1 mln increased to 4.23%, from 4.12% in May. The interest rate on loans to non-financial corporations for amounts over EUR 1 mln dropped to 3.76%, from 3.84% the previous month.

Source: http://www.financialmirror.com

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