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Travel receipts rise by 8.8 pct YoY in June, arrivals drop marginally
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Central government debt rises to 403.2 bln in Q2, cash reserves near 42 bln
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Industrial turnover stable in June after marginal 0.1 pct YoY rise
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Oil balance and drop in exports pushes current account to 1.19 bln deficit in June
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Significantly contained spending pushes July primary surplus 4.36 bln above target
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Energy continues to drive import price drop as June records 4.7 pct YoY fall
Corporate lending rates fell in March, time deposit rate slightly down to a new low of 0.88 pct
Greek households’ new time deposit rate eased for the third straight month, albeit modestly, by 3 basis points (bps) to 0.88 percent in March, Bank of Greece (BoG) data displayed on Wednesday.
The headline figure indicates a new low for time deposit rates since 2002. Since the imposition of capital controls at the end of last June, Greek banks’ time deposit rates have dropped by 93 bps amid lack of competition.
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