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The Central Bank of Cyprus announced it set countercyclical buffet at 0% of risk both of licenced credit institution and investment firms operating in Cyprus. The decision took into account that the credit-to-GDP gap is lower than 2 percentage points, the CBC said. In addition to the credit-to-GDP gap, the CBC takes into account a range of quantitative and qualitative information in its assessment of system-wide risks associated with periods of excessive growth.The additional indicators assessed by the CBC are non-financial private …
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