Interest rate
Interest rates set to rise further
Rising interest rates have put loan takers, from consumers to governments, in a bind, with many having taken out loans at interbank rates in the red, as they were for eight successive years in the EU.
Successive rounds of rate increases by central banks have unavoidably affected commercial loan rates.
- Read more about Interest rates set to rise further
- Log in to post comments
Traders await Fed’s Jackson Hole conference
Traders in markets are looking ahead to the Federal Reserve's summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation.
Fed officials have used the Jackson Hole, Wyoming, conference in previous years to indicate changes in policy direction.
- Read more about Traders await Fed’s Jackson Hole conference
- Log in to post comments
Better loan terms for businesses
Interest rates on business loans dropped in June, while consumer loans and mortgages became more expensive, Bank of Greece data show.
- Read more about Better loan terms for businesses
- Log in to post comments
The Rise in Core Inflation in the Eurozone remains Sustainable
Lending in Bulgaria remains high against the backdrop of another increase in interest rates by the ECB. The goal of the central bank is to reduce inflation to 2%, but the forecasts are that it will remain high for a long period of time, commented President Christine Lagarde.
About inflation and interest rates
At the level of the global economy, focusing on the US, the dominant question is whether we are going to see lower interest rates in the current year. The answer is no, if we look at the history of the Fed. Undoubtedly, we are not on the brink of another stretch of hyperinflation like that of the painful 1965-1982 period of rising prices for goods and services in the US.
- Read more about About inflation and interest rates
- Log in to post comments
Central Bank’s rate-setting meeting to be held this week
All eyes will be on the Central Bank this week when the Monetary Policy Committee (MPC) is set to meet on June 22 to decide about the policy rate.
From floating to fixed rates
The banking market is witnessing a trend of conversion of mortgage loans that were contracted with a floating interest rate into a long-term fixed interest rate (mainly five years), as the persistence of inflation at high levels continues to make borrowers nervous about the evolution of interest rates after the end of the freeze that banks have implemented.
- Read more about From floating to fixed rates
- Log in to post comments
Foreign investors keeping eye on economic policies
Foreign investors and Türkiye watchers are keeping a close eye on the steps the new economic team will take in the period ahead.
There are expectations that portfolio inflows in to the country may increase depending on the messages sent out by those at the helm of the economy management.
- Read more about Foreign investors keeping eye on economic policies
- Log in to post comments
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.
- Read more about China inflation stays low as growth sputters
- Log in to post comments
Banks defend their rate spread
The spread between interest rates on loans and deposits is decreasing significantly, mainly after the recent increases in interest rates on new term deposits by Greek banks, according to the Hellenic Bank Association (HBA).
- Read more about Banks defend their rate spread
- Log in to post comments