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Newsletter 95 - 11/11/2016
of 23.3–23.5 percent in 2016, which is expected to fall by 1–2 percentage points in the following... in October, after a decline by 1 percent in September. The slight drop is mostly attributed... and transport prices by 2.4 and 1 percent, respectively. It is worth noting that the harmonised index
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Central government debt drops to 323.7 bln in Q3 on bond repayments
EconomyMacroeconomyyears) debt made up more than 80 percent of total, while short-term (up to 1 year) and medium-term (1... than 1 billion QoQ in Q2, Greece’s cash deposits edged down to 3 billion in Q3 from 3.17 billion
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Apartment prices fall by 1.5 pct in Q3 for slowest drop since 2009
EconomyMacroeconomythat prices in new apartments (up to 5 years old) dropped at a sharper pace of 1 percent quarter on quarter (QoQ) and 2.2 percent year on year (YoY) vis-à-vis the decline of 0.4 percent QoQ and 1 percent... percent in 2016 and by another 1 percent in 2017.
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Time deposit rate edges down to 0.76 pct, loan rate spikes to 5 percent
EconomyMacroeconomynew deposits marginally down by 1 bp to 0.37 percent, which is also a new historic low since 2002... for amounts over 1 million euros, where the interest rate climbed 97 bps to 4.91 percent and more than... and 1 million euros remained almost flat at 5.33 percent. Following the evolution in October
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Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows
EconomyMacroeconomy2016, while the effective rate is estimated to have increased by 1 percentage point due... in the share of private consumption expenditure via plastic money by 1 percentage point results in an increase in VAT revenues by 1 percent in the first year and up to 6 percent over the long-term. Moreover
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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 personal income tax rate to 15-20 percent and the top VAT rate of 24 percent by 1 percentage point
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Tsakalotos and Stournaras raise objections to IMF assumptions
EconomyProgrammeits long-term growth assumption from 1.25 percent to 1 percent, which is an oxymoron, according... Greece’s fiscal outperformance in 2016 and reduction in long-term growth rate from 1.25 to 1...”. Stournaras stresses that Greek banks’ Common Equity Tier 1 (CET1) ratio stands at 18 percent, while
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Stable deposit rate in Jan, slight uptick in loan rate
EconomyMacroeconomyThe new time deposit rate for Greek households fell by 1 basis point (bp) for the second straight... reflecting a similar rise in that for amounts above 1 million euros to 4.72 percent. The respective... between 250,000 and 1 million euros edged down 5 bps to 5.01 percent. Following the slight changes
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Compromise proposal on table ahead of Friday's Eurogroup
EconomyProgramme. The draft proposal foresees pension cuts with estimated savings of 1 percent of GDP being implemented in 2019 and a reduction in the tax-free threshold yielding another 1 percent of GDP in 2020. This appears... percent of GDP, then counter-measures of 1 percent of GDP would be implemented in 2019 along
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