Greek deposit and loan rates slide in September

EconomyMacroeconomy Tags: Banking, BoG, Rates

The interest rate on households’ new time deposits slipped by 5 basis points (bps) to 2.08 percent in September, according to the Bank of Greece (BoG). This was the lowest month on month drop since March.

Following September movement, the year to date contraction stands at 72 bps, reflecting changes in the last six months, since time deposit rate remained stable in the first quarter of the year.

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