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Credit expansion growth slowed to 6.8% in July due to loans to businesses
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Deposits drop by 2 bln in July, driven by corporations
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Budget continues to perform strongly in July as VAT beats target by over 1 bln
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Energy propels rise of 19.6% YoY in June industrial turnover
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Current account deficit improves in June, rises to 9.54 bln in first half of year
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Central govt debt rises to 402.64 bln in Q2 on back of repos and bonds increases
Time deposit rate edges down to 0.76 pct, loan rate spikes to 5 percent
Greek households’ new time deposit rate dropped for the second straight month, albeit at a slower pace, by 3 basis points (bps) to 0.76 percent in October, after a decline by 8 bps in September, Bank of Greece (BoG) data displayed on Friday.
The headline figure for October indicates a new record low since Greece’s euro accession in 2002. However, it remains 31 bps above the eurozone average rate of 0.45 percent.
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