Greek deposit rate almost stable, loan rate slightly up in May

EconomyMacroeconomy Tags: Banking, BoG, Rates

The interest rate on Greek households’ new time deposits marginally slipped for the second straight month by 1 basis point (bp) to 1.81 percent in May from 1.82 percent in April, according to the Bank of Greece (BoG).

In spite of the significant deposit outflows of 35.3 billion since last December, the time deposit rate remained broadly flat over this 6-month period, close to the lowest level in the post-euro era.

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