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Interest Rates on Loans Decrease in October in Greece

In October, interest rates on loans in Greece decreased, while deposit rates remained largely unchanged, reducing the interest margin to 4.88% from 5.06% in September. The average weighted interest rate for new deposits stayed steady at 0.53%. Interest rates for various loan categories varied, with consumer loans and business loans experiencing different changes in their rates. Notably, housing loan rates fell to 4.00%, while instant access deposit rates retained their low levels.

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