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EconomyMacroeconomy
Credit contraction marginally decelerated to 3.9 pct in August Credit contraction in the Greek market marginally decelerated to 3.9 percent year on year (yoy) in August from 4.0 percent in July with balances reaching 221.79 billion euros, according to the Bank of Greece (BoG).
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EconomyMacroeconomy
Marginal deposits outflow of 212 million euros in August Greek private sector deposits marginally eased 0.11 percent month on month (mom) in August with balances reaching 162.21 billion euros. Net flow remained slightly negative for the third consecutive month with outflows at 212 million in August from 161 million in July.
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EconomyMacroeconomy
Greek C/A deficit to July narrowed to just 156 mln with boost from tourism The July current account (C/A) balance showed a surplus of 2.73 billion euros from 510 million euros last year, according to the Bank of Greece (BoG). The significant increase mainly reflects a jump in the current transfers’ surplus to 1.86 billion, from just 100 million last year, owing to an inflow of 1.5 billion related to SMP income.