European System of Central Banks
ECB trims Greek bond holdings by €172 mln
The European Central Bank reduced its Greek bond holdings by €172 million in June and July, to €37.979 billion, €1.82 billion from its spring 2022 high of €39.8 billion.
The ECB had purchased these bonds as part of its Pandemic Emergency Purchase Program (PEPP) despite the fact that Greek debt was, and still is not, investment grade.
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Bond yields reaching EU average
Greek bond yields have fallen fast and currently the 2- and 10-year-bonds are trading at around the European average, 3.31% and 3.8% respectively.
Since the European Central Bank (ECB) started raising its rates to fight inflation, Greek borrowing costs have dropped by almost 10%, even as other eurozone members have seen their own inching upward.
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ECB ‘could hike rates or pause at next meeting’
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.
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Stournaras: Interest rate rises look set to end soon
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.
ECB to tighten monitoring of banks' liquidity
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.
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Is there scope for a midsummer surprise?
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.
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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: An ECB hike after September would be ‘surprising’
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."
Bulgaria is Discussing with the EU the Use of the Euro as a Parallel Currency
Bulgaria is discussing with the European Commission and the European Central Bank (ECB) the possibility of the euro also being used in Bulgaria before its official introduction. This was understood from the words of Finance Minister Asen Vassilev while presenting the draft budget for the year.
Bulgarian National Bank: We are on the Final stretch on the Road to the Eurozone
"Bulgaria is on the final stretch on the road to the Eurozone". This was stated by Iliya Lingorski from the BNB Board of Directors during a forum dedicated to the advantages for business and the economy of the adoption of the euro.