The benchmark interest rate in Greece is set by the European Central Bank. ECB officials signaled readiness to adjust all of its instruments to ensure that inflation moved towards its aim in a sustained manner, including by slashing interest rates deeper into negative territory and changing the conditions of the TLTROs, the accounts of the September's meeting showed. Policymakers also said that the near term price pressures would remain subdued owing to weak demand, lower wage pressures, and the euro appreciation; and that on the basis of the current information, the PEPP envelope would likely have to be used in full to provide the necessary accommodation to offset the downward impact of the pandemic on the path of inflation.

Interest Rate in the Euro Area averaged 1.82 percent from 1998 until 2020, reaching an all time high of 4.75 percent in October of 2000 and a record low of 0 percent in March of 2016. This page provides - Greece Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Greece Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Interest Rate in Euro Area is expected to be 0.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Euro Area to stand at 0.00 in 12 months time. In the long-term, the Euro Area Interest Rate is projected to trend around 0.00 percent in 2021, according to our econometric models.

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Greece Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.00 4.75 0.00 1998 - 2020 percent Daily

Greece Money Last Previous Highest Lowest Unit
Interest Rate 0.00 0.00 4.75 0.00 percent [+]
Interbank Rate -0.33 -0.33 105.00 -0.33 percent [+]
Money Supply M0 30458.00 30168.00 31761.00 536.00 EUR Million [+]
Money Supply M1 143843.00 142747.00 143843.00 815.00 EUR Million [+]
Money Supply M2 195783.00 194876.00 259431.00 3028.00 EUR Million [+]
Money Supply M3 196280.00 195371.00 262054.00 3059.00 EUR Million [+]
Foreign Exchange Reserves 9635.00 9558.00 9635.00 1710.00 EUR Million [+]
Banks Balance Sheet 335598.76 337241.87 544679.70 141300.10 EUR Million [+]
Loans to Private Sector 73572.95 73289.36 125465.21 2086.12 EUR Million [+]
Loan Growth 10.60 9.20 19.60 -7.90 percent [+]
Private Debt to GDP 123.10 130.60 148.30 49.40 percent [+]
Central Bank Balance Sheet 169154.00 165165.00 198582.00 29627.00 EUR Million [+]

Greece Interest Rate
Greece is a member of the European Union which has adopted the euro. Greece's benchmark interest rate is set by the European Central Bank. The official designation for the rate is main refinancing operation.