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Car sales record modest rise in August, up 3.3 pct YoY in 8M
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Electricity drags industrial production down by 0.5 pct YoY in July
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August CPI moderates sligthly to 2.9 pct YoY, rents climb by 10.9 pct
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Trade deficit growth slows to 4 pct YoY in July driven by oil and non-EU markets
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Q2 GDP moderates further to 1.7 pct YoY as households spending slows
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Jobs in education lead negative hiring balance of 20,728 in July
BoG cautions on impact of tax rises, updates on rising NPEs
In its monetary policy report released on Wednesday, the Bank of Greece (BoG) says that it expects the completion of the first programme review will restore confidence, boost liquidity and improve the investment environment in the second half of the year, while a marginal recession of 0.3 percent is foreseen for 2016.
On debt, the report stresses that sensible debt relief measures may include, extension of maturities, smoothing of interest payments over time, restoration of SMP and ANFA transfers and swap of IMF loans with European Stability (ESM) loans.
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