Loan rates rebounded in July, deposit rates continued heading south

EconomyMacroeconomy Tags: Banking, BoG, Rates
Photo by MacroPolis
Photo by MacroPolis

The interest rate on households’ new time deposits fell by another 11 basis points (bps) to 2.28 percent in July, according to the Bank of Greece (BoG).

The year to date drop stands at 54 bps and occurred since April, while the rate remained stable in the first quarter of the year.

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