Yannis Stournaras

Expectations of a de-escalation in inflation, especially food prices, which concern most people, are clearly diminishing, since production costs, but also profiteering, are set to add another round of price hikes.

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.

The governor of the Bank of Greece, Yannis Stournaras, described the recovery of investment grade as a big challenge for the Greek government at the moment, stating however that he is confident that it will happen this year and will bring more direct foreign investments.

The Greek banking system is healthy and has credibility but needs to be alert as challenges to financial stability remain high, Bank of Greece Governor Yannis Stournaras said on Tuesday.

FinForum 2023, the conference to examine developments in the Greek and international banking sector, is to be held this Tuesday at the King George Hotel, Syntagma Square, Athens, with the participation of representatives from Fitch Ratings and Standard & Poor's.

Speakers will include Infrastructure Minister Christos Staikouras and Bank of Greece Governor Yannis Stournaras.

The formation of a government in Greece with a comfortable majority in parliament will strengthen the country's economic stability, help the implementation of reforms and see Greece's sovereign bonds return to investment grade very soon, benefitting the national economy further, analysts told Xinhua.

Greek central bank chief Yannis Stournaras did not rule out a further interest rate hike by the European Central Bank in September, but added that any increase beyond that month "would be surprising."

The new Finance Minister, Kostis Hatzidakis, and the Governor of the Bank of Greece, Yannis Stournaras, had a first meeting Tuesday to discuss policy, focusing on fiscal policy, banks and private debt.

The two officials met for about 90 minutes and then told reporters they had a "shared understanding" about the state of the economy, as well as a shred optimism about its prospects.

Bank of Greece Governor Yannis Stournaras expressed optimism on Wednesday that Greece would regain investment-grade status soon after the newly elected government presents its policy statements.

Bank of Greece Governor Yannis Stournaras on Tuesday said there were encouraging signs from the development of micro-funding in Greece.