Greek time deposit rate falls to 1.82 pct in Dec, lowest during euro membership

EconomyMacroeconomy Tags: Banking, BoG, Rates

The interest rate on households’ new time deposits continued heading south for the ninth straight month in December, when it fell by 6 basis points (bps) to 1.82 percent, according to the Bank of Greece (BoG).

The December rate indicates a new historic low during Greece’s euro membership. For the whole year the time deposit rate recorded a drop of 100 bps on the end-2013 figure of 2.82 percent.

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