Loan and deposit rates edge down in May but remain above euro area average

EconomyMacroeconomy Tags: Banking, BoG, Rates

Following a drop by 10 basis points (bps) in April, the interest rate on households’ new time deposits fell further by 18 bps 2.53 percent in May, according to the Bank of Greece (BoG).

The year to date reduction stands at 30 bps, while the current rate is half the record high of 5 percent posted in June 2012.

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