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BoG reveals medium-term economic forecasts, sees growth of 2.5 pct next year
EconomyMacroeconomyThe Bank of Greece (BoG) disclosed for the first time in its monetary policy report published on Wednesday its detailed medium-term (until 2018) macroeconomic forecasts.
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BoG proposes debt relief measures and lower primary surplus target from 2018
EconomyMacroeconomyIn its monetary policy report published on Wednesday, the Bank of Greece (BoG) suggested a set of debt relief measures that would allow Greece’s primary surplus target to be lowered to 2 percent of GDP from 3.5 percent from 2018 onwards.
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BoG cautions on impact of tax rises, updates on rising NPEs
EconomyMacroeconomyIn its monetary policy report released on Wednesday, the Bank of Greece (BoG) says that it expects the completion of the first programme review will restore confidence, boost liquidity and improve the investment environment in the second half of the year, while a marginal recession of 0.3 percent is foreseen for 2016.
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Eurosystem funding drops by another 3.9 bln in May, ELA down 2.1 bln
EconomyMacroeconomyGreek banks’ Eurosystem funding fell again in May for the 11th successive month, declining by 3.86 billion euros after a 1.88 billion drop in April, Bank of Greece's (BoG) monthly financial statement showed on Monday.
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Corporate lending rates resume upward trend in April, time deposit rate stable
EconomyMacroeconomyGreek households’ new time deposit rate slipped by 1 basis point (bp) to 0.87 percent in April from 0.88 percent in March, Bank of Greece (BoG) data showed on Friday.
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Credit contraction decelerates to 1.9 pct in April, loan deductions drop to 117 mln
EconomyMacroeconomyGreek bank credit contraction slowed down for the second straight month to 1.9 percent in April from 2.1 percent in March, Bank of Greece (BoG) figures showed on Tuesday.
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Marginal deposit flow in April for second straight month
EconomyMacroeconomyGreek private sector deposit flow remained minimal for the second straight month with the system recording outflows of just 40 million in April from inflows of 55 million in March, Bank of Greece (BoG) data showed on Tuesday.
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Office prices ease 0.2 pct in 2015, retail prices drop by 3.5 pct
EconomyMacroeconomyOffice prices in Greece grew by 0.2 percent in the second half (H2) of 2015, Bank of Greece (BoG) data displayed on Monday.
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Travel receipts rebound 8.2 pct in March, but surplus drops 3.6 pct
EconomyMacroeconomyGreece's travel receipts rebounded 8.2 percent to 220.6 million euros in March after dropping in the preceding two months, Bank of Greece (BoG) figures showed on Monday.
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Primary cash surplus improves to 2.93 bln at end of April
EconomyMacroeconomyGreece’s central government primary cash balance significantly widened to 2.93 billion eurso in the 4-month period of 2016, from 1.05 billion in the corresponding period last year, according to Bank of Greece (BoG) figures