At its meeting on 13 June 2018, NBG’s monetary policy committee decided to keep its key rate unchanged at 7.25%. Inflation was 2.5% in May, below the 3.0% target, but the decision takes into account increased risks of transmission of inflationary pressures from the main trading partner countries due to higher volatility in financial markets. The committee also decided to reduce the minimum reserve requirements on local currency funding from 7.0% to 5.0%. The next committee meeting is scheduled for 25 July 2018.
