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International credit rating agency DBRS has said that Cyprus is among a group of European countries in which the outstanding mortgage debt as a percentage of GDP has shrunk between 2008 and the twelve months ending on June 20, 2019.“Record low interest rates are set to persist within Europe as the area’s growth appears to be floundering just as quantitative easing and low rates were beginning to reverse,” the agency says in a bulletin.The central bank’s recent monetary efforts are …
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