The interest rate spread between loan and deposit rates fell by 11 basis points to 4.42 percentage points in January, according the Bank of Greece.
The central bank, in a monthly report, said that in January 2016, the overall weighted average interest rate on new deposits remained almost unchanged, while the corresponding rate on loans decreased.
The overall weighted average interest rate on all new deposits stood at 0.55 pct, almost unchanged from the previous month. In particular, the average interest rate on overnight deposits placed by households remained unchanged at 0.15 pct and the respective rate on deposits by non-financial corporations remained almost unchanged at 0.21 pct. The average interest rate on deposits placed by households with an agreed maturity of up to one year remained, also, almost unchanged at 1.01 pct.
The overall weighted average interest rate on all new loans to households and corporations decreased by 12 basis points from the previous month to 4.97 pct.
In January 2016, the overall weighted average interest rate on the outstanding amounts of all deposits and loans remained almost unchanged. The spread between loan and deposit rates remained also almost unchanged at 4.50 percentage points.
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