Credit expansion for private sector grows 5.7 pct YoY in Jan, but flow turns negative

EconomyMacroeconomy Tags: BoG, Loans
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Credit movement in the Greek private sector slightly decelerated in January but still recorded a solid rise of 5.7 percent year-on-year (YoY), from 6.3 percent in December, Bank of Greece (BoG) figures released on Tuesday showed.

After a recent peak of 3.7 percent growth in February 2021, credit expansion slowed down in the following months before resuming an upwards trend at the end of 2021. The latest high was 6 percent in September 2022 and December’s growth was the highest s...

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