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EconomyMacroeconomy
BoG reveals medium-term economic forecasts, sees growth of 2.5 pct next year The Bank of Greece (BoG) disclosed for the first time in its monetary policy report published on Wednesday its detailed medium-term (until 2018) macroeconomic forecasts.
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EconomyMacroeconomy
BoG proposes debt relief measures and lower primary surplus target from 2018 In its monetary policy report published on Wednesday, the Bank of Greece (BoG) suggested a set of debt relief measures that would allow Greece’s primary surplus target to be lowered to 2 percent of GDP from 3.5 percent from 2018 onwards.
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EconomyMacroeconomy
BoG cautions on impact of tax rises, updates on rising NPEs 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.
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EconomyMacroeconomy
Eurosystem funding drops by another 3.9 bln in May, ELA down 2.1 bln Greek banks’ Eurosystem funding fell again in May for the 11th successive month, declining by 3.86 billion euros after a 1.88 billion drop in April, Bank of Greece's (BoG) monthly financial statement showed on Monday.
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EconomyMacroeconomy
Corporate lending rates resume upward trend in April, time deposit rate stable Greek households’ new time deposit rate slipped by 1 basis point (bp) to 0.87 percent in April from 0.88 percent in March, Bank of Greece (BoG) data showed on Friday.
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EconomyMacroeconomy
Credit contraction decelerates to 1.9 pct in April, loan deductions drop to 117 mln Greek bank credit contraction slowed down for the second straight month to 1.9 percent in April from 2.1 percent in March, Bank of Greece (BoG) figures showed on Tuesday.
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EconomyMacroeconomy
Marginal deposit flow in April for second straight month Greek private sector deposit flow remained minimal for the second straight month with the system recording outflows of just 40 million in April from inflows of 55 million in March, Bank of Greece (BoG) data showed on Tuesday.
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EconomyMacroeconomy
Office prices ease 0.2 pct in 2015, retail prices drop by 3.5 pct Office prices in Greece grew by 0.2 percent in the second half (H2) of 2015, Bank of Greece (BoG) data displayed on Monday.
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EconomyMacroeconomy
Travel receipts rebound 8.2 pct in March, but surplus drops 3.6 pct Greece's travel receipts rebounded 8.2 percent to 220.6 million euros in March after dropping in the preceding two months, Bank of Greece (BoG) figures showed on Monday.
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EconomyMacroeconomy
Primary cash surplus improves to 2.93 bln at end of April Greece’s central government primary cash balance significantly widened to 2.93 billion eurso in the 4-month period of 2016, from 1.05 billion in the corresponding period last year, according to Bank of Greece (BoG) figures