The 55th issue of the Economic Bulletin of the Bank of Greece was released with four new studies. These are the following studies: -Sofia Anifantaki, Yiannis Kalogirou, Konstantinos Dellis, Aikaterini Karadimitropoulou and Filippos Petroulakis: “Skills, management practices and adoption of new technologies in Greek manufacturing companies” -Christos Katiforis: “Inflation after the pandemic: Phillips curve, trends, […]
Tag: Bank of Greece (Bank of Greece)
MoE: Deposits and loans increased in June 2022
Deposits of households and private non-profit institutions increased by 721 million euros in June 2022, compared to a decrease of 336 million euros in the previous month, while the annual rate of change remained almost unchanged at 4.1% from 4, 0% last month. According to Bank of Greece data, private sector deposits increased by €2 […]
The five-month current account deficit increased significantly, to 10.1 billion euros
In the period January-May 2022, the current account deficit increased significantly compared to the same period in 2021 according to the Bank of Greece, due to the deterioration primarily of the goods balance and secondarily of the primary income balance, which was to some extent offset from the improvement of balances of services and secondary […]
MoE: The budget deficit decreased on a cash basis in the first half
The budget deficit was drastically reduced in the first half of the year on a cash basis. According to the data of the Bank of Greece, the cash result of the central administration presented a deficit of 7.847 billion euros, against a deficit of 13.290 billion euros in the corresponding period of 2021. This development […]
Housing battle ahead of rate hike – June data
By Leonidas Stergiou June is the best month in 2022 and the last 12 months, with the exception of December 2021, for mortgage disbursements, after signs of fatigue in previous months. As banking executives explain, the jump in disbursements in June is mainly due to two systemic banks, which promoted more attractive mortgage products in […]
Bank of Greece: Loan interest rates were reduced in May
The weighted average rate on new deposits remained almost unchanged at 0.02% in May 2022, while the weighted average rate on new loans fell to 3.86%, narrowing the margin to 3.84% from 4, 14% which was the previous month. According to data from the Bank of Greece, the average interest rates on overnight deposits from […]
The Central Bank predicts an increase in wages throughout the economy this year
By Dimitris Katsaganis Wages across the entire spectrum of the economy will go “uphill” this year, according to the forecasts of the Bank of Greece and which are reflected in its monetary report for 2021-22. In particular, the Central Bank predicts that the total remuneration of dependent labor (i.e. employees) will increase this year by […]