Financial economics
Alpha Bank bond demand reaches €1.3 bln
Alpha Bank on Wednesday announced it had successfully completed the issuance of a 500-million-euro senior preferred bond.
The issue attracted strong demand amounting to €1.3 billion, or roughly three times the initial target of €400 million.
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Deflation in Bulgaria for the First Time this year
For the first time in the last two years, the National Statistical Institute reported deflation. It is only 0.1% in May compared to April. For the last time, and only once in June, deflation was reported in June 2021.
On an annual basis, however, inflation remains in double digits and is 10.1%. Food prices continue to rise.
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China inflation stays low as growth sputters
Chinese inflation came in flat again in May, official figures showed on June 9, as the country's economy sputters owing to softening demand and falling exports, leading to calls for a rate cut and a bigger government stimulus.
The consumer price index (CPI) rose 0.2 percent on-year, from 0.1 percent in April, the National Bureau of Statistics (NBS), said.
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Australia lifts key interest rate, flags further rises
Australia's central bank hiked interest rates to an 11-year high yesterday and warned that further rises may be on the horizon to get surging prices under control.
The Reserve Bank of Australia lifted the key rate 25 basis points to 4.1 percent, its highest level since May 2012, with governor Philip Lowe saying inflation had "passed its peak" but was still stubbornly high.
Mortgage borrowers mostly go for fixed rate
Almost eight out of 10 borrowers (78%) who purchased a home with a loan in 2022 chose a fixed interest rate of at least five years.
The percentage among those who chose a long-term interest rate - i.e. more than 10 years - was also high, at 63%, opting for the long-term commitment to the uncertainty created by the persistence of inflation.
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Top Fed official sees rates rising and staying high
U.S. interest rates are likely to rise further, and will need to remain high to effectively tackle inflation, a top Federal Reserve official said on April 20.
UK inflation remains over 10 pct as food prices rise
The price of food in the U.K. rose at the fastest pace in 45 years last month in, keeping inflation above 10 percent for a seventh straight month amid a cost-of-living crisis that has fueled a wave of strikes by government workers.
Fed raises key rate by quarter-point despite bank turmoil
The Federal Reserve extended its year-long fight against high inflation on March 22 by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system.
Bulgarian Economists: The Big Increase in Food Prices is Over
In 2022, inflation was in energy raw materials, since the beginning of this year, this has changed and food price increases are now leading. Petar Ganev from the Institute for Market Economy commented on this in the morning block of the National Television.
Georgi Vuldjev, an economic expert at EKIP, was also a guest on the topic.
NBS raises key policy rate to 5.75 pct
BELGRADE - The National Bank of Serbia (NBS) Executive Board decided on Thursday to raise the key policy rate by 25 bp to 5.75 pct, keeping the deposit facility rate at 4.50 pct and raising the lending facility rate to 7.0 pct.
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