European System of Central Banks
Standard & Poor’s: Upgraded Greece to BB + with stable prospects
The American rating agency Standard & Poor's upgraded Greece's credit rating from grade BB to BB +, with a stable outlook, bringing the country just one step from the investment grade.
Greek bonds: Extension of ECB “umbrella”
The special plan to keep Greek government bonds eligible for refinancing by the European Central Bank - even after the end of the emergency program in March 2022 - is being worked out by the ECB and, according to Bloomberg, may be approved in March by the Board of directors.
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ECB in ’no rush’ to hike interest rates, Lagarde says
The European Central Bank will take its time to assess new data before tightening its monetary policy any faster, its president said on Feb. 7, amid fierce speculation that the bank would raise rates sooner than previously expected.
Eurozone inflation soars to highest rate on record
Soaring energy prices took eurozone inflation to its highest rate on record in November, official data showed on Nov. 30, challenging the European Central Bank's resistance to tightening monetary policy earlier than planned.
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Inflation in the Eurozone Reached a 13-year High
Inflation in the Eurozone reached a record 3.4% for the last 13 years in September, according to Eurostat data. This is an increase of 0.4% compared to August. Core inflation, excluding food, energy, alcohol and tobacco, rose to 1.9% from 1.6% in August. The European Central Bank (ECB) expects the rate to rise to 4 by the end of the year, which would exceed the bank's target twice.
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ECB Ready to Respond to Rising Consumer Prices
The growing uncertainty about rising consumer prices require close monitoring by the European Central Bank, which sees it as a temporary trend, but it must be prepared to act sharply and flexibly, ECB Governing Council member Mario Centeno said, quoted by Reuters.
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ECB – It will remain in the Greek bond market until the end of 2023
The presence of the European Central Bank in the Greek bond market will continue until the end of 2023, regardless of what will be decided for the emergency bond market program of the pandemic (PEPP).
ECB to launch digital Euro currency
The Governing Council of the ECB today officially gave the green light for the exploratory phase of the project
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European Central Bank sets new inflation target at 2%
The ECB said its target would be symmetric
ECB: New Surge of Coronavirus Disrupts Economic Activity
The European Central Bank published its new Economic Bulletin on Thursday, confirming that the coronavirus-related extension of restriction measures across the bloc is disrupting economic activity.