ECB

In making the decision, the Executive Board was guided by the expected movement in inflation and its underlying factors, and the effects of past monetary policy easing, the National Bank of Serbia (NBS) announced in a press release, adding:

Greek Finance Minister Euclid Tsakalotos said the government will implement the reforms required by its post-bailout agreement by March 11 so that the country will be able to receive aid from its creditors, according to an interview with CNBC on Wednesday.

In making this decision, the Executive Board primarily took into account the outlook for inflation and its underlying factors, as well as the effects of past monetary policy easing.

Eurozone finance ministers will decide at their meeting in March whether Greece has fulfilled the requirements to receive the first tranche of ECB profit returns on Greek bond holdings, an EU official told journalists in Brussels on Wednesday.

In making this decision, the Executive Board primarily took into account the outlook for inflation and its factors going forward, as well as the effects of past monetary policy easing, the central bank has announced.

Greece is at risk of missing a first tranche of ECB profit returns on Greek bond holdings due to delays in the pace of privatisations despite over-performance on its fiscal targets, sources told Reuters on Tuesday.

Key Takeaways (full report available here or here)

The head of the ECB's Single Supervisory Mechanism (SSM), Daniele Nouy, completed a two-day visit to Athens on Tuesday, during which she met with Greece's central banker Yannis Stournaras and representatives of lenders to discuss the health of the country's banking system.

In making that decision, the Executive Board was primarily guided by the inflation projection and inflation factors in the coming period, the NBS said in a press release.

In accordance with the NBS expectations, inflation in February was lowered to 1.5 percent year-on-year, primarily on account of the high base from the prices of products that underwent one-off hikes early in 2017.

The head of the EuroGroup, Jeroen Dijsselbloem disclosed the content of the April 7 Malta EuroGroup agreement between Greece and its creditors. In a letter he sent to the EuroGroup members Mr. Dijsselbloem presented the results of the Malta meeting. With regards to Greece the official meeting covers the following:

4. Greece – State of play