European Central Bank

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.

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.

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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