The interest rate spread between new deposits and loans increased to 5.75 percentage points in November, as the weighted average interest rate on new deposits increased by 4 basis points to 0.50%, compared to the previous month and the weighted average interest rate on new loans increased by 8 basis points to 6.25%, the Bank of Greece said on Friday, ANA reports.
In particular, 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 increased by 4 basis points to 0.22%. The average interest rate on deposits from households with an agreed maturity of up to 1 year remained nearly unchanged at 1.79%.
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