Central Bank Governor Highlights Risks Amidst Economic Optimism
The Central Bank governor, Christodoulos Patsalides, raises concerns about risks in the economy, advising stable fiscal policy to attract foreign investment and cautioning against a windfall tax on banks that could deter investors. His remarks highlight the need for banks to balance financial objectives with social responsibility and adapt to societal concerns, particularly in the face of surplus liquidity, divergent interest rates, and decreasing loan demand signaling potential economic growth issues.
