Travel balance down by 29 pct in April as receipts slump
April current account deficit at 1.34 bln as goods deficit grows
Industrial turnover rises by 6.7 pct in April for fourth positive reading
Primary cash surplus at 6.4 bln in year to date, expenditure rises during May
Turnover in services sector shows deteriorations in Q1 2018
Budget primary surplus at 1.54 bln in May on revenue rise, sharp investment underspend
Corporate lending rates fell in March, time deposit rate slightly down to a new low of 0.88 pct
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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