European Central Bank
Stournaras: ECB must cut rates twice before August
The European Central Bank must lower borrowing costs twice before its August summer break and two more times before the end of the year, without being swayed by the US Federal Reserve, Bank of Greece chief Yannis Stournaras has said.
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Stournaras to Bloomberg: European Central Bank must cut interest rates twice before the summer holidays
ECB should not be influenced by Fed's moves, BoG governor says during London interview - "Real wages will only reach pre-pandemic levels in 2025" - What he said about the possibility of interest rates returning below 2 percent
Warning on local credit sector’s greed
The interest rate hikes by the European Central Bank and the increase in net interest income lead to an excessive accumulation of profits in Greek and European banks and fuel the inflation of banking greed ("bankflation"), warns the Center for Planning and Economic Research (KEPE).
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Cyprus a familiar economic space for Greece
In an interview conducted by Kathimerini Cyprus' Panayiotis Rougalas, Bank of Greece Governor Yannis Stournaras shed light on various aspects of the Cypriot monetary policy and economic landscape.
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ECB keeps rates on hold with inflation still sticky
The European Central Bank froze interest rates again on Thursday as it held off from starting to cut borrowing costs amid concerns that sticky inflation is not easing as fast as hoped.
The Frankfurt-based institution's governing council held the benchmark deposit rate steady at a record four percent for a fourth straight meeting, as widely expected.
ECB to hold rates and take baby steps towards first cut
The European Central Bank is set to keep interest rates at record highs on Thursday and take baby steps towards cutting them in the coming months as inflation continues to fall despite stubbornly high underlying price pressures.
ECB to hold rates again, awaiting signs on inflation
The European Central Bank is expected to freeze interest rates again this week, with officials wary of starting to cut before they see more evidence that recent falls in inflation will be sustained.
Timing is everything: Five questions for the ECB
The European Central Bank meets on Thursday, with markets eyeing any nudge towards an interest rate cut as inflation weakens.
The ECB, expected to hold rates at a record 4%, is navigating a tricky path between keeping rates high long enough to contain inflation while not cutting too late as price pressures ease quickly.
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Eurozone Inflation Slows to 2.6% in February, Slightly Higher Than Expected
In February 2024, inflation in the Eurozone slowed down to 2.6% on an annual basis from 2.8% in January, but slightly more than anticipated, as preliminary data from Eurostat indicates.
Every month, the Consumer Price Index (CPI) increased by 0.6% in February compared to the previous month when it decreased by 0.4%.
Stournaras: ECB won’t have information to decide on interest-rate cuts until June
The European Central Bank won't have enough information to decide on interest-rate cuts until June, even as inflation seems to be on track to reach the 2% target this year, Bank of Greece chief Yannis Stournaras has said.
Speaking to Bloomberg, he said that the "recent set of data suggests we will reach 2% in the autumn of this year."