The Minister of Finance, Makis Keravnos, set the public default interest rate at 5,5% and the judicial interest rate at 6%, with decrees he issued on Monday. The validity of both interest rates starts from January 1st.
According to the decree on the Determination of the Uniform Public Default Interest Rate for the year 2025, the amount of the public default interest rate is set at 5,50%, while at the same time the relevant decree for the year 2024, which determined the public default interest rate at 5%, is repealed.
According to the law, public default interest is the interest payable by or to the public, as a result of failure or delay in the payment of any overdue debt or debt owed by or to the public.
At the same time, the Minister issued a decree on the determination of the judicial interest rate, by which he sets the judicial interest rate at 6%, from 5,50% which was in 2024.
