BoG cautions on impact of tax rises, updates on rising NPEs

EconomyMacroeconomy Tags: BoG, NPLs
Photo by MacroPolis
Photo by MacroPolis

In its monetary policy report released on Wednesday, the Bank of Greece (BoG) says that it expects the completion of the first programme review will restore confidence, boost liquidity and improve the investment environment in the second half of the year, while a marginal recession of 0.3 percent is foreseen for 2016.

On debt, the report stresses that sensible debt relief measures may include, extension of maturities, smoothing of interest payments over time, restoration of SMP and ANFA transfers and swap of IMF loans with European Stability (ESM) loans.

You need a subscription to access our analysis. Please choose one of the packages available.

If you are already registered, please sign in.

Free Access

Read some of our analysis for no charge

By signing up to MacroPolis, readers will be able to read four of our articles without charge each month. They will not have access to our data or weekly e-newsletter.

Standard Access

Our analysis and data at your fingertips

Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.

€450.00

Full Access

A tailor-made service for professionals

Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.