European Central Bank
ECB raises rates as planned despite banking turmoil
The European Central Bank raised interest rates by 50 basis points on Thursday as promised, ignoring financial market chaos and calls by investors to dial back policy tightening at least until sentiment stabilizes.
Lagarde: Inflation in the Eurozone remains High, another Interest Rate Hike is Imminent
"Core inflation in the Eurozone will remain high for the foreseeable future, so a European Central Bank (ECB) interest rate hike of up to 50 basis points later this month looks increasingly certain", ECB President Christine Lagarde told the Spanish media group Vocento.
Vucic: Nidec to open factory in Novi Sad in May
NOVI SAD - Serbian President Aleksandar Vucic announced on Thursday Japan's Nidec Corp would open a factory in Novi Sad in May.
Vucic was speaking to reporters after the opening of a Continental Automotive Serbia factory at Kac, near Novi Sad.
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ATHEX: Stock market index keeps looking up
The US Fed and European Central Bank rate hikes went largely according to expectations, so eurozone stock markets, including Greece's, proceeded smoothly on Thursday with sessions of mild gains.
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ECB to raise rates again and face questions about future path
The European Central Bank is set to raise interest rates again on Thursday and pencil in more hikes for the next few months, with the only open question being how big these will be.
Eurostat: Annual Inflation in the Eurozone Fell to 8.5% in January
Annual inflation in the Eurozone fell to 8.5% in January, according to Eurostat's preliminary data. This is the third month in a row that inflation has slowed.
The data comes ahead of the European Central Bank's first key meeting of the year. Later in the day, the Federal Reserve in the United States is expected to announce another interest rate hike.
Hungary’s OTP cleared to take over NKBM bank
The Hungarian banking group OTP has received clearance from the Slovenian market regulator to take over NKBM, Slovenia's second largest bank, and create what it says will be the largest bank in the country.
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Interest rates need to rise at ‘steady pace’: ECB chief
European Central Bank (ECB) chief Christine Lagarde has said that interest rates need to continue rising at a "steady pace" in order to avoid inflation becoming entrenched.
While energy prices have recently come down, Lagarde said underlying inflation continues to rise.
Bulgarian Economist: January 1, 2024 is a Possible Date for Joining the Eurozone
"January 1, 2024 is a possible date from which we can start paying in euros. If by the middle of the year we receive confirmation from the ECB that we are joining the Еurozone from the beginning of next year, then we will have to start preparations.
SSM head on the Greek banks
Greek banks will undergo capital stress tests in order to get the green light from the European Central Bank's supervisory mechanism to distribute dividends to shareholders, the head of the Single Supervisory Mechanism (SSM) board, Andrea Enria, told Kathimerini.
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