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Newsletter 487 - 05/12/2025
numbers, dominating headlines and exposing the disconnect between government rhetoric and rural realities... ability to bridge the gap between promises of stability and the lived experience of Greece’s rural... in unemployment likewise appears to be slowing. The rate is expected to fall to 8.6% in 2026, from 9.1
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Greek time deposit rate falls to 1.82 pct in Dec, lowest during euro membership
EconomyMacroeconomyThe interest rate on households’ new time deposits continued heading south for the ninth straight... of Greece (BoG). The December rate indicates a new historic low during Greece’s euro membership. For the whole year the time deposit rate recorded a drop of 100 bps on the end-2013 figure of 2.82 percent
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Deposit interest rates largely unchanged in April, average loan rate increases
EconomyMacroeconomyGreek households’ new time deposit rate edged up by 2 basis points (bps) to 0.68 percent in April... deposit rate since August 2016. It remains close to its historical low and 26 bps higher than the euro area average rate of 0.42 percent. Taking into account a slight drop of 2 bps in the corporate
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Overall loan interest rate edges up to 4.68 pct in August
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial corporations came to 4.68 percent in August, up 11 basis points (bps) from the rate of 4.57 noted in July... weighted average interest rate on all existing loans stood at 4.09 percent, down by 2 bps while
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Overall loan interest rate edges up to 4.34 pct in Nov
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial corporations came to 4.34 percent in November, up by 2 basis points (bps) from the rate of 4.32 noted... average interest rate on all existing loans dropped by 4 bps to 4 percent. The spread between existing
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Unemployment rate edges up to 20.2 pct in April as number of employed dips
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate in April edged up to 20.2 percent from 20.1... rate in April last year was 21.7 percent. The current month’s rate is the lowest since October 2011 when the rate also came to 20.2 percent. The unemployment rate has remained under 21 percent for five
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Overall loan interest rate drops to 4.23 pct in May
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial... percentage points from 3.92 percentage points. The overall weighted average interest rate on all existing... by 1 bps month-on-month to 3.72 percentage points. The average interest rate on consumer loans without
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Deposit interest rates broadly stable in March, average loan rate down slightly
EconomyMacroeconomyGreek households’ new time deposit rate edged down 1 basis point (bp) to 0.66 percent in March... accession to the eurozone in 2002, while remains 24 bps above the euro area average rate of 0.42 percent. The marginal drop in the time deposit rate coupled with a slight increase in the corporate
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Newsletter 468 - 27/06/2025
former Rural Development Ministers: Makis Voridis and Lefteris Avgenakis. Wiretapped conversations..., opposition parties are struggling to capitalize on the turmoil. PASOK, though holding second place... ceasefire between Israel and Iran was achieved this week, and appears to be holding. In last week’s
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Greek time deposit rate down to 1.88 pct in November, lowest since euro entry
EconomyMacroeconomyThe interest rate on households’ new time deposits dropped by another 6 basis points (bps) to 1.88... accessed the euro area in 2002. The year-to-date (YtD) drop in the time deposit rate reached 94 bps... deposit rate reached a high of just over 5 percent in June 2012 and has slipped by more than 3
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