Speaking during an interview, Greece's central banker, Yannis Stournaras, a member of the ECB Governing Council, said Europe’s economy is 'at a balanced point right now, why cut interest rates?'

Mortgage lending in Greece is recovering after years of decline, with banks launching low-interest products to attract borrowers in their 40s and 50s

Deutsche Bank says the European Central Bank has probably completed its interest rate reductions, with 2% seen as the final rate, though future moves remain possible if inflation trends shift

With Euribor near 2%, banks are offering more attractive loans. In July, average mortgage rates fell to 3.52%—110 bps lower than last year—and competition may push them down further.

After eight consecutive reductions, the European Central Bank is expected to halt rate cuts, stabilizing lending conditions and boosting banks’ income prospects.

The European Central Bank (ECB) announced on Thursday a 25-basis point cut to its three key interest rates, marking the institution’s seventh consecutive reduction. The move, which was expected, brings borrowing costs in the eurozone to their lowest level in more than two years. The ECB’s Governing Council opted to lower the deposit facility rate—the […]

The weighted average interest rate for new deposits remained steady at 0.45%.

The ECB interest rate cuts came as Europe’s central bank is in the process of continuing its quantitative easing policy.

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