BoG shows lower deposit rates and a sharper drop in loan rates in June

EconomyMacroeconomy Tags: Banking, BoG, Rates

Τhe interest rate on households’ new time deposits dropped another 14 basis points (bps) to 2.39 percent in June, according to the Bank of Greece (BoG).

In contrast to the first quarter of the year, when this rate remained stable, it posted a 42 bps decline in the second quarter of the year.

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