On July 30, 2024, the NBG’s Monetary Policy Committee kept its key rate unchanged at 8.0%, citing increased inflationary risks from volatile international oil and food prices and higher shipping costs from China. We anticipate that the NBG will maintain this rate throughout 2024- Galt&Taggart forecasts.
Note: The next meeting of the Monetary Policy Committee will be held on September 11, 2024.
