Marked drop of 50 bps in new time deposit rate in July amid capital controls

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

After remaining broadly stable at around 1.8 percent since last December, Greek households’ new time deposit rate recorded a marked drop by 50 basis points (bps) to 1.31 percent in July, according to the Bank of Greece (BoG).

Greek corporate loan rates remain 200-300 bps above the respective average figures for the eurozone.

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