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Minor changes in Greek time deposit rates, higher movements in corporate loans
EconomyMacroeconomyThe interest rate on households’ new time deposits eased in January by just 2 basis points (bps...). The January rate is a new historic low in the post-euro period, while also shows a drop for the tenth straight month. Last year the time deposit rate fell by 100 bps and currently stands well below
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Uptick in time deposit rates, mixed trends in corporate loans
EconomyMacroeconomyThe interest rate on households’ new time deposits edged up by 2 basis points (bps) to 1.83 percent... increase over the last two months, the time deposit rate remains at the low end in the post-euro... in negotiation with official creditors. However, unlike the sharp rise of time deposit rate to 5 percent
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Loan interest drops to 4.59 pct in September
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial corporations came to 4.59 percent in September, down 9 basis points (bps) from the rate of 4.68 noted... average interest rate on all existing loans stood at 4.06 percent, down by 3 bps. The spread between
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Overall loan interest drops to 4.32 pct in October
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial corporations came to 4.32 percent in October, down by 27 basis points (bps) from the rate of 4.59 noted... weighted average interest rate on all existing loans stood at 4.04 percent, almost unchanged from
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Overall loan interest edged up to 4.36 pct in January
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial... interest rate on all existing loans dropped by 2 bps to 3.97 percent. The spread between existing loan and deposit rates was almost unchanged at 3.78 percentage points. The average interest rate
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Newsletter 18 - 06/03/2015
rate increased slightly in December, marking the first rise since September 2013. The rate went up from... 2014. December's unemployment rate is the first increase since September 2013. Eurosystem funding... were unwilling to rollover their holdings. This meant that around 60 percent of this week’s issue had
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Greek deposit and loan rates slide in September
EconomyMacroeconomyThe interest rate on households’ new time deposits slipped by 5 basis points (bps) to 2.08 percent... changes in the last six months, since time deposit rate remained stable in the first quarter of the year... a sharper drop in excess of 200 bps. The deviation between the rate of contraction of time deposit
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Total overdue tax obligations rise to 101.86 bln in Dec, new debt up by 1.30 bln
EconomyMacroeconomybillion. The VAT collectability rate improved to 86.6 percent compared to 81.1 percent in November... the result of the last installment of income tax levy becoming due in the month. The collectability rate fell to 56.3 percent. On an aggregate basis, the collectability rate came to 67.7 percent for 2017
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New overdue taxes rise by 428 mln in June, total stock above 102 bln
EconomyMacroeconomymonth-on-month in June. The VAT collectability rate increased to 89.3 percent in June, the highest level for the year so far. May’s VAT collectability rate had stood at 85.2 percent. The amount of VAT... basis, the VAT collectability rate came to 83.8 percent for the first six months of the year
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Parties' competing tax pledges come up against challenging reality
EconomyFeatureshas declined at an even higher rate. Around 82 percent of all income declared in 2017 came from... the current tax-free threshold between 8,636 and 9,545 euros. The tax rate: Greece currently applies a banded tax rate, with a base rate of 22% percent on income up to 20,000, topping out at a marginal rate
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