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Newsletter 292 - 09/04/2021
contraction of 8.2 pct last year, the economy showed resilience according to BoG. It was largely... pct of GDP. BoG expects a strong rebound in the second half of the year, towards an annual growth... that the faster rollout, the warmer weather and mass self-testing will help restore a semblance
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BoG highlights how Covid-19 compounds legacy issues and structural challenges
EconomyThe Bank of Greece (BoG) published its Monetary Policy Report for 2020 on Monday, outlining... to endure external economic pressure via trade and tourism. The BoG notes that the Greek economy.... In this context, the BoG examines two more scenarios on top of its baseline. The base case forecast sees
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Newsletter 144 -15/12/2017
of Greece's (BoG) monthly financial statement. The reduction led central bank funding to stand at 32.88.... The BoG figures also revealed that banknotes in circulation fell by 886 million to 35.56 billion... in the last four years. Figures from Bank of Greece (BoG) showed that travel receipts rose by 6.2 percent
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Capital controls to ease further from the beginning of September
EconomyMacroeconomySeptember 1 as part of government moves to further relax the capital controls in place since 2015.... Furthermore, on Thursday, the Bank of Greece (BoG) announced that the European Central Bank lowered the ELA ceiling for Greek banks by a further 1.6 billion to 38.9 billion until September 7. However, a BoG
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BoG Monetary Policy Report positive on programme end but advises caution for future targets
EconomyBankingBank of Greece (BoG) issued its annual Monetary Policy Report for 2017 – 2018 on Monday, in which... prospects. The BoG notes that the eight years of adjustment, implemented by governments across... threshold. For BoG, the signal that Greece has turned a corner and the crisis has been overcome
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BoG sees encouraging signs for Greek economy but warns on reforms
EconomyThe Bank of Greece (BoG) issued its Monetary Policy 2013-14 report on June 12, which is the last... that support the BoG’s expectations stem from the bottoming out of the drop in consumption, the positive... this year. On the former, the BoG indicates that business confidence has strengthened with firms
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BoG outlines steps to economic recovery, updates on banks' asset quality
EconomyMacroeconomyIn its annual report released on Thursday, the Bank of Greece (BoG) estimated that the recession... stability and elimination of uncertainty. The BoG stressed that uncertainties and high risks lie... of the required reforms as well as political and economic stability. The BoG expects real GDP growth
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BoG cautions on impact of tax rises, updates on rising NPEs
EconomyMacroeconomyIn its monetary policy report released on Wednesday, the Bank of Greece (BoG) says that it expects... of IMF loans with European Stability (ESM) loans. In addition, the BoG suggests that the primary surplus... interest payments over a 20-year period. The BoG notes that a number of initiatives
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BoG sets out positives and next steps for economy, forecasts 2.4 pct growth in 2020
EconomyThe Bank of Greece (BoG) submitted to Parliament on Friday its interim monetary policy report.... Overall, the BoG appears more upbeat than in previous reports issued during the SYRIZA administration... limited and as such NPE flows continue. The BoG notes that the newly adopted APS scheme, nicknamed
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Newsletter 121 - 02/06/2017
of Greece (BoG) figures showed. The April headline figure indicates the lowest rate of decline since... of 139 million in April following inflows of 278 million in March, BoG data revealed. This was the third... is almost attributed to corporate sector net additions of 763 million outpacing household lending deductions
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