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Marked drop of 50 bps in new time deposit rate in July amid capital controls
EconomyMacroeconomy’ decision to lower interest rates in the aftermath of capital controls, since the four core banks dominate more than 95 percent of the market. The legislative act on capital controls prohibits... in the succeeding months until capital controls are lifted. Despite the considerable decline in July
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New time deposit rate fell 12 bps in August to record low of 1.19 pct amid capital controls
EconomyMacroeconomythe four systemic banks’ decision to reduce interest rates amid capital controls, since they dominate... on capital controls. The restrictions on time deposit renewals also explains the positive flow of 6.25... the various deposit accounts should be expected in the next few months until capital controls are lifted
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Stournaras eyes easing of capital controls, updates on loan quality and NPL reduction targets
EconomyMacroeconomyfor easing capital controls. Stournaras revealed that the non-performing exposure (NPE) ratio... of overdue obligations Capital controls The second issue Stournaras touched upon in his speech to MPs... ease capital controls. The first measure relates to the abolition of the restrictions on “new” money
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Travel receipts up by a modest 3.5 pct in July in aftermath of capital controls
EconomyMacroeconomyreflects the negative sentiment due to the capital controls and bank holiday, according to BoG... - the recessionary impact from capital controls, with Greek officials and banks now forecasting a GDP
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Tsakalotos confident on meeting fiscal targets, sees capital controls being gradually relaxed
EconomyProgrammewill be on institutional and growth issues. Asked about the lifting of capital controls, he said... the early repayment of loans. Tsakalotos stressed that the lifting of capital controls is closely linked
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S&P raises Greek rating to 'BB-' on reduced fiscal risks, lifting of capital controls
Economycontrols and reduced budgetary risks following decisions by the Council of State (CoS) became reality... capital controls without any adverse effects on bank deposits. The agency believes that this development
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Three months on from imposition of capital controls, some restrictions being relaxed
EconomyThree months after the imposition of capital controls on June 29, the Finance Ministry outlined on Monday the restrictions or relaxations that are currently in effect. Although the daily withdrawal limit for Greek bank customers remains unchanged, there is a gradual return to some kind of normality
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Retail sales nosedive by 8.7 pct in July amid capital controls
EconomyMacroeconomycontrols on June 29. Retail volume recorded a broadly similar movement as it declined by 7.3
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Moscovici tries to kill discussion of primary surplus targets as easing of capital controls cleared
EconomyProgrammeof capital controls, which was flagged up by the Bank of Greece governor Yannis Stournaras in a speech
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HFSF sees market value of bank holdings plunge to 2.4 bln after closure, capital controls
EconomyBankingof the Greek banking index particularly after the imposition of capital controls and bank
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