The loan and deposit interest rates will soon be brought up for discussion in the Parliamentary Committee on Economics.
The issue was raised by DIPA, which requested to be informed about the progress of loan and deposit interest rates. As known in recent months, the European Central Bank had implemented ten increases in loan interest rates in an attempt to contain inflation.
However, when discussed a few months ago in the Parliamentary Trade Committee, there were strong reactions from MPs regarding the low deposit interest rates.
The Governor of the Central Bank, Constantinos Herodotou, and the Minister of Finance, Makis Keravnos, will be called upon to attend the session of the Economic Committee.
In a recent interview with Phileleftheros, the Governor of the Central Bank expressed the opinion that loan interest rates may possibly be reduced within 2024, after the economic and financial data are evaluated.
“The descent of interest rates should not begin without being absolutely sure, as inflation may then return. However, there should not be an unnecessary delay in reducing interest rates either, so as not to affect economic growth.
Therefore, we must rely on incoming data to choose the timing within 2024 to start reducing interest rates,” emphasized the Governor to Phileleftheros.
Meanwhile, the committee will examine the progress of the Rent Against Installment Scheme.
Finally, AKEL registered for a discussion on the situation prevailing in the Housing Financing Organization.
