•  Weighing these factors, the Bank judged on 23 October that the substantial monetary policy stimulus in place remained appropriate and decided to maintain the target for the overnight rate at 1 per cent. Since then, while some new data points have been released, our outlook remains roughly the same, as I mentioned.
Because ‘Greece’, however understood, or misunderstood, has always been part of the modern identity of Europe too.”  References d Abiad, A., G. Dell’ Ariccia and G.B. Li (2011), “Creditless Recoveries”, IMF Working Paper, No. 58. https://www.imf.org/en/Publications/WP/Issues/2016/12/31/Creditless-Recoveries-24707 Bank of Greece (2019), Monetary July. www.bankofgreece.gr/BogEkdoseis/NomPol20182019.pdf  Policy  Bank of Greece (2018), Monetary Policy 2018 – December.