Economy

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Loan rates exceed 5 pct in Dec, spread at highest in almost 20 years

Interest rates on loans in Greece continued their upward trend that started in the summer, with the weighted average rate on loans climbing to over 5 percent, at 5.06 percent at the end of 2022, according to the latest data released by the Bank of Greece on Thursday.

Photo via https://flic.kr/p/j1gHCm Loans grow by 6.3 pct in Dec, highest since 2009

Credit movement in the Greek private sector accelerated in December, rising by 6.3 percent year-on-year (YoY), from 5 percent in November, and 5.3 percent in October, Bank of Greece (BoG) figures released on Friday showed.

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