Central bank

In a recent announcement, the Bulgarian National Bank has confirmed that the base interest rate for February will stand at 3.79%, maintaining the status quo from January. This decision follows a marginal reduction of 0.01% made in December 2023.

The Central Bank has changed reserve requirement ratios in a move that aims to encourage shift to Turkish Lira deposits.

The reserve requirement ratios for FX-protected accounts with maturities up to six months will be reduced from 30 percent to 25 percent, the bank announced on Jan. 30.

Bank of Greece Governor Yannis Stournaras has told Kathimerini he expects the European Central Bank to start reducing interest rates this summer, as inflation is easing much faster than expected.

The majority in Bulgaria's parliament has given the green light to the first reading of a new law governing the Bulgarian National Bank (BNB), marking a pivotal moment in the country's journey toward Eurozone accession. The legislation, if passed, will play a crucial role in facilitating Bulgaria's entry into the Eurozone.

European Central Bank (ECB) Governor Christine Lagarde suggested on Wednesday that the ECB might implement interest rate cuts in the summer. Speaking at the World Economic Forum in Davos, Lagarde noted that sufficient data on wage growth would be available by "late spring," enabling central bankers to determine whether eurozone inflation is set to rise or fall.

The European Central Bank's Supervisory Board (SSM) Chair Claudia Buch acknowledged the progress made by the Greek banking sector during her two-day visit along with Single Resolution Board Chair Dominique Laboureix to Athens.

The Central Bank of Türkiye has increased the key interest rate for a seventh consecutive month but said it is nearing the end of the monetary tightening cycle.

As widely expected, the bank hiked the policy rate - the one-week repo auction rate - by 250 basis points to 42.5 percent at the Monetary Policy Committee's last meeting of 2023 on Dec. 21.

The Central Bank's Monetary Policy Committee (MPC) is set to convene for the last rate-setting meeting of 2023 on Dec. 21.

The bank is widely expected to increase its main policy rate - the one-week repo auction rate - from the current 40 percent to 42.5 percent.

BELGRADE - According to an Ipsos survey, the Serbian financial sector expects y-o-y inflation to be 5.7 pct in November 2024, which is a decline for a third consecutive month, since expectations from the previous, October survey stood at 5.9 pct, the National Bank of Serbia (NBS) said.

Finance Minister Mehmet Şimşek and Central Bank Governor Hafize Gaye Erkan will travel to New York next month to meet with investors.

As part of the "Investor Day" event to be held on Jan. 11, Erkan will make a presentation to foreign investors on monetary policy and inflation, according to the invitation the Central Bank sent to investors.