Bank of Greece
Central bank warns on profit inflation
Addressing the phenomena of "profit inflation" and tax evasion, as well as the acceleration of the absorption of European resources and of course the reduction of public debt, are matters at the forefront of Bank of Greece Governor Yannis Stournaras' policy proposals in the Interim Monetary Policy Report he presented on Wednesday.
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Stournaras: ECB must see inflation below 3% by mid-2024 before cutting rates
The European Central Bank must see inflation stably below 3% by the middle of next year before beginning to lower borrowing costs from record highs, ECB policymaker Yannis Stournaras told Reuters on Monday.
BoG chief calls for a re-examination of tax exemptions
The governor of the Bank of Greece, Yannis Stournaras, called on the Finance Ministry leadership on Tuesday to re-examine all tax exemptions, stressing that "the country needs revenue."
Stournaras noted that the shadow economy in Greece exceeds 40 billion euro and that existing tax exemptions need to be evaluated as to whether they concern the truly vulnerable.
ECB to hold Governing Council meeting in Athens
The Governing Council of the European Central Bank is meeting on Wednesday and Thursday at the Bank of Greece, for the first time since 2008.
Its president, Christine Lagarde (pictured), has had the opportunity to get a taste of Athens and the Greeks in a different climate than what prevailed during the difficult years of the debt crisis.
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Stournaras: ECB might raise interest rates by 25 bps next week
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.
Stournaras: Greek credit system healthy, credible
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.
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Banking forum at King George Hotel 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.
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Analysts: Strong gov’t in Greece to benefit its economy
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.
FinMin, top banker optimistic on economy’s prospects
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.
Central banker: Greece to regain investment grade in ‘a few weeks, if not days’
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.