Credit down by 3.2 pct in Oct for lowest contraction since Dec 2011

EconomyMacroeconomy Tags: Banking, BoG, Loans

The rate of credit contraction in Greece decelerated to 3.2 percent in October from 3.5 percent in September, according to the Bank of Greece (BoG). This was the lowest negative reading since December 2011.

Balances slipped for the fourth successive month by 0.1 percent month on month (MoM) to 212.53 billion euros.

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