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Retail sales grow for fifth month in a row but rate eases to 8.8 pct
EconomyMacroeconomyGrowth in Greece’s retail sales slowed down in August, rising by 8.8 percent year-on-year (YoY), from a slightly downward revised 13.1 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Friday. Retail sales have been growing continu...
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Strong demand for 30-year benchmark bond, yield of 4.24 pct double 2021 rate
EconomyGreece’s debt managers leveraged the positive sentiment after S&P’s revision of the outlook for Greek Government Bonds (GGB) to positive last Friday and issued a new 30-year bond on Wednesday, the longest maturity since the same issuance in early 2021. ...
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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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