Greece's credit growth slowed significantly in July, with monthly net credit flows turning negative

智通财经2026/08/28 11:01

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(1) In July 2026, Greece's overall annual credit growth fell to 3.4%, marking a significant decline from 5.0% in June and the lowest growth rate since September 2024.(2) Domestic banks' monthly credit performance reversed sharply, recording a net credit outflow of €3.96 billion, compared to a net inflow of €3.5 billion in June.(3) Government-side credit saw a net outflow of €1.37 billion, whereas June registered a net inflow of €213 million; annual government credit growth dropped from 0.4% to -2.0%.(4) Private sector credit growth also cooled, with the annual growth rate declining from 7.7% to 6.8%. A net monthly credit outflow of €2.59 billion was recorded, while in June €3.29 billion in new credit had been granted.

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On Tuesday, following Federal Reserve Governor Waller’s call to consider a 50 basis point rate hike at the December meeting, this year’s FOMC rotating voting member Lorie Logan reiterated a hawkish stance, stating, "Given the current economic outlook, I believe at least two more rate hikes of 25 basis points each are needed. The pace of rate hikes this winter may be faster than what we have seen so far this autumn." On Tuesday, the two-year US Treasury yield jumped 19 basis points in a single day, reaching 4.74%.

华尔街见闻•2026/11/10 19:52