The interest rate spread between new deposits and loans increased to 5.50 percentage points in March as the weighted average interest rate on new deposits remained almost unchanged at 0.23%, while the corresponding rate on new loans increased to 5.73%, the Bank of Greece said on Friday, ANA reports.
More specifically, in March 2023, the weighted average interest rate on outstanding amounts of deposits increased to 0.26%, while the corresponding rate on loans increased to 5.69%. The interest rate spread between outstanding amounts of deposits and loans rose to 5.43 percentage points.
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