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Energy key factor in 3.7 pct YoY drop for producer prices in Jan
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Retail sales conclude 2025 with jump of 6.9 pct YoY in Dec
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Annual credit growth stays stable at 7.6 pct in Jan
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Sharp drop in corporate deposits drives 5.18-bln-euro drop in Jan
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Economic sentiment improves markedly in Feb to 107.7 pts
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Building activity continued recovery in Nov with 9.9 pct YoY rise
Eurosystem funding drops by another 4.3 bln in July, largely on reduced ELA reliance
Greek banks’ Eurosystem funding continued heading south for the thirteenth month in a row in July, when it decreased by 4.3 billion in July after a drop of 8.57 billion in June, the Bank of Greece's (BoG) monthly financial statement showed on Thursday.
As we have previously noted, the ongoing reduction in ELA funding balance has a positive impact on Greek banks’ net interest income, since its funding cost stands 150 basis points above that of ECB funding.
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