Interest Rate in Greece

Greece Interest Rate | Economic News & Forecasts

Greece - Interest Rate

In line with what opinion polls had anticipated, the conservative New Democracy party comfortably won the 7 July general election, securing an outright majority in the 300-seat Parliament. Although the newly elected government, headed by Prime Minister Kyriakos Mitsotakis, has proposed a business-friendly policy mix ahead, which could boost investment, the economy’s structural fragilities and authorities’ commitment to strict fiscal targets weigh heavily on the pace of recovery. Meanwhile, available data indicates that the economy’s weak momentum at the start of the year broadly carried over into Q2. April’s rebound in industrial output was short-lived as it contracted again in May. This, coupled with the manufacturing PMI sliding in May–June, points to a loss of dynamism in the goods-producing sector. Moreover, although unemployment fell markedly in April, retail sales contracted and consumers remained broadly as pessimistic in Q2 as in Q1, boding ill for household spending.

Greece - Interest Rate Data

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Policy Interest Rate (%)-     -     -     -     -     

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Greece Interest Rate Chart

Euro Interest Rate
Note: ECB Refinancing Rate in %.
Source: European Central Bank.

Greece Facts

Bond Yield2.620.76 %Jul 31
Exchange Rate1.110.65 %Jul 31
Stock Market900-1.46 %Jul 31

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