Corporate lending rates fell in March, time deposit rate slightly down to a new low of 0.88 pct

EconomyMacroeconomy Tags: Banking, BoG, Rates

Greek households’ new time deposit rate eased for the third straight month, albeit modestly, by 3 basis points (bps) to 0.88 percent in March, Bank of Greece (BoG) data displayed on Wednesday.

The headline figure indicates a new low for time deposit rates since 2002. Since the imposition of capital controls at the end of last June, Greek banks’ time deposit rates have dropped by 93 bps amid lack of competition.

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