Drop in corporate loan rates led the average loan rate at a new historic low

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

Greek households’ new time deposit rate remained at 1.81 percent in June unchanged from the previous month, according to the Bank of Greece (BoG).

This means that despite the extended deposit outflows of around 43 billion since December, the rate on new time deposits was kept stable over this 7-month period at its lowest level in the post euro era, largely due to lack of competition.

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