Average loan rate falls by 26 bps, time deposit rate down by 8 bps to new record low in September

EconomyMacroeconomy Tags: Banking, BoG, Rates

Greek households’ new time deposit rate fell by 8 basis points (bps) to 0.79 percent in September, after remaining broadly flat in the previous three months, Bank of Greece (BoG) data showed on Thursday.

The headline figure for September indicates a new record low since Greece’s euro accession in 2002, while it stands 27 bps above the eurozone average rate of 0.52 percent.

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