European Central Bank

Japan gave an important vote of confidence to Athens, as its rating agency Rating and Investment Information (R&I) is now the first to attribute Greece investment grade, after the upgrade to BBB- with stable prospects (from BB+ with stable prospects previously) on Monday.

The European Central Bank (ECB) could hike interest rates again or pause at its next meeting and any decision will depend on the latest data, president Christine Lagarde has said.

The central bank for the 20 countries that use the euro lifted borrowing costs for the ninth consecutive time on July 28 as it fights stubbornly high inflation.

Two European Central Bank policymakers on Friday raised the prospect of an end to the ECB's steepest and longest string of interest rate rises, as the outlook for the eurozone economy worsened despite stubbornly high inflation.

The ECB increased borrowing costs for a ninth consecutive time on Thursday but raised the possibility of a pause in September as recession worries mount.

The vast majority of Greek stocks ended Thursday's trading session with gains, but some non-bank blue chips held the benchmark back from hitting a new nine-year high and the 1,350-point level, which remains elusive for now. The positive messages from the US Fed and the European Central Bank create a favorable climate for further price growth in the coming days, analysts note.

Eurozone economic activity shrank at its fastest rate in eight months in July, as a contraction gathered pace on the back of cuts in manufacturing, a key survey said yesterday.

Data from the HCOB Flash Eurozone purchasing managers' index (PMI) survey published by S&P Global fell to 48.9 in July from 49.9 in June. A figure above 50 indicates growth.

The European Central Bank (ECB) has announced it wants to monitor the liquidity of banks in the eurozone more frequently to reduce the future risk of a financial crisis.

A huge surprise for Greece cannot be ruled out this summer. This has to do with a decision by the European Central Bank and concerns the inclusion of Scope Ratings in the group of rating agencies the ECB takes into account in its decisions.

Another quarter-point interest rate rise by the European Central Bank should be enough and further tightening might damage the economy, ECB Governing Council member Yannis Stournaras said in an interview with CGTN Europe on Wednesday.

Across the developed world, we are hearing the argument that high costs are "profit inflation," meaning that rising prices stem mainly from rising profit margins. This is confirmed by reputable economists at multinational banks like UBS and others, by the chief economist of the European Central Bank, Philip Lane, and by its president, Christine Lagarde.

Inflation in Cyprus reached its lowest level in 25 months in June 2023 and stood at 1.9% on an annual basis, mainly due to the decline in food prices.

According to the Statistical Service, the Consumer Price Index (CPI) and thus inflation decreased in June 2023 by 0.34 points to 114.38 points, compared to 114.72 points in May 2023.