Greek corporate lending rates up to 250 bps higher than eurozone average

EconomyMacroeconomy Tags: Banking, BoG, Rates

Greek households’ new time deposit rate fell by 10 basis points (bps) to 0.91 percent in February after remaining broadly stable in the preceding two months, Bank of Greece (BoG) figures showed on Monday.

The headline figure for February indicates a new low historical reading since Greece’s accession to the eurozone in 2002. It also points to a cumulative drop by 90 bps since last June when capital controls were imposed.

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