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Minor fluctuations in deposit and loan interest rates in December
EconomyMacroeconomyGreek households’ new time deposit rate edged down by 1 basis point (bp) to 0.70 percent... and 1 million euros increased by 22 bps to 5.06 percent, while that for lower amounts dropped by 14 bps to 5.28 percent. In addition, the interest rate for amounts above 1 million euros slightly
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IMF sees much scope for reform progress, particularly on tax in Article IV report
EconomyProgrammein 2019 and 2 percent in 2020, while long-term growth is expected at around 1 percent. Under an adverse scenario with no further policy reform implementation, GDP growth is seen at 1 percent... the government’s recent estimate of around 2 percent of GDP, which is expected to increase to 1.5 percent of GDP
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Bond issue decision expected as clock ticks down
PoliticsGreek PoliticsGiannousakis, the owner of the Noor 1 cargo ship which was seized with almost 2 tons of heroin on board... between 2 and 24 instalments to settle what they owe. These elements of the bill mean that many... Panos Kammenos’s intervention in the Noor 1 drug smuggling investigation. New Democracy still feels
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Athens and creditors place immediate focus on remaining key deliverables
EconomyProgrammeto some combination of: (1) a lack of cooperation between Greece and its institutional creditors; (2... of the tax-free threshold to be carried out next year along with the pension cuts worth 1 percent of GDP... programme. “Triggers for a rating upgrade could include: (1) continued successful implementation of fiscal
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CPI up by 1.1 pct in Sept for highest rise since Nov 2017
EconomyMacroeconomy(-1.2 percent) and recreation and culture (-1 percent). The month-on-month increase of 2 percent...Greece’s Consumer Price Index (CPI) rose by 1.1 percent in September after an increase of 1 percent..., the last time that the CPI went above 1 percent was in November 2017. The average CPI for the latest
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Piecemeal process likely in drive for more fiscal space
EconomyProgrammecase it will free up 0.6 pct of GDP space towards tax cuts. The government plans to direct 2 billion... hinges on securing a 1 pct of GDP reduction in the surplus goal. The Greek side is arguing that the reduction in borrowing costs alone since the start of the year has created already fiscal space of 2
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Inflation to persist, creating more economic policy challenges
EconomyMacroeconomynot changed its inflation estimate for this year, which had a GDP deflator of 1 pct and a harmonized... Minister Christos Staikouras admitted that average inflation in 2022 will range between 1.5 and 2... as fuel prices, also thanks to the heavy tax wedge, are approaching 2 euros per litre in gas stations even
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Greek public debt at 321.7 bln in Q3, average weighted maturity at 16.5 years
Economythe two EFSF tranches in July and August of 1 billion euros each, counterbalanced by payments of 1.86... of total, bonds at 66.43 billion (20.6 percent) and T-Bills to 13.32 billion (4.1 percent). Note that total disbursements from the EU/IMF reached 226.5 billion euros by the end of September 2014
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Q2 rise of 7.7 pct in apartment prices marks 12-year high
EconomyMacroeconomythat house prices increased by 1.7 percent in 2018, compared to an average price contraction of 1... compared to a downward revised decrease of 1 percent in 2017. Properties up to five years old saw price... on average by 2.7 percent in Athens and by 1 percent in Thessaloniki. In other cities, prices rose
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Greek household expenditure falls by another 2.5 pct in 2016
SocietyTotal monthly household expenditure fell by 2.5 percent in Greece last year, according... to 1,392.03 euros, down by 2 percent or 28.97 euros compared to 2015’s figure. The average expenditure per month per person came to 538.94 euros in 2016, down by 2 percent or 11.24 euros compared to 2015
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