Interest rates

It is the fourth cut of interest rates by Europe’s central bank, a move expected by the markets and financial analysts leading to the rate settling at 3%.

Minister Costis Hatzidakis promised measures to deal with 3 main grievances vis-à-vis the country’s banks, namely, the spread between the paltry interest rates for deposits, as compared with rates tacked on to borrowing

The ECB interest rates on the deposit facility, the main refinancing operations and the marginal lending facility are 3.25%, 3.40% and 3.65%, respectively, as of October 2024

The Governing Council of the European Central Bank (ECB) decided to cut interest rates by 25 basis points for a third consecutive time.

Data from the Bank of Greece for June 2024 revealed that the average weighted interest rate for new deposits held steady at 0.57%, while the rate for new loans climbed to 5.78%

The Hellenic Competition Commission will focus on interest-bearing deposit rates - criticized as low - offered over past years by Greek banks

The average interest rate on overnight deposits placed by households remained unchanged at 0.03%, while the corresponding rate on deposits by non-financial corporations remained almost unchanged at 0.17%

In 2024, many businesses, especially small ones, were struggling with increased borrowing costs, making debt servicing a nightmare.

Greece's central banker also said high market prices in the country bely a problem with competitiveness

Influential Greek central banker addresses event at the University of Liverpool

Former US treasury secretary Larry Summers was joined in a panel discussion by Jerry Kalogiratos, CEO of Capital Product Partners, and Angeliki Frangou, CEO of Navios Maritime Partners

In this context, they emphasize that those who do not intend to explore their luck in alternative forms of savings/investment over the next two years and have surplus liquidity would do well to hurry and lock in their interest rates until 2026.

The benchmark German 10-year bond, a reference point for the Eurozone, also saw a decline of 4 basis points to 1.931%, reaching its lowest level since March of the previous year.

High inflation and interest rates, with the latter easing at a slower rate, is the forecast from National Bank of Greece (NBG) chairman Gikas Hardouvelis, who is also the new president of the Hellenic Banks Association (HBA). Speaking at the annual Hellenic Finance and Accounting Association conference this month in Athens, Hardouvelis, a former Greek […]

Addressing inflation requires businesses to control markups, the report points out, and authorities to intensify short-term controls against profiteering and oligopolistic practices

Average interest rates for consumer loans, which fluctuated between 4.64% and 5.69% in early 2022, have climbed to 7.28% and 8.59%, according to the latest European Central Bank (ECB) figures

Greek central banker says tax breaks should be reconsidered – a standing policy plank of current Mitsotakis government.