Interest rate

Even though the coronavirus epidemic has taken a heavy financial toll on many, others may have found themselves with some extra cash in their bank accounts. 42 %of Americans say they've cut back on spending since the outbreak began, according to a few Research surveys.

Inflation, measures and how the euro will be adopted - these were the topics that MPs from the Budget Committee in Parliament discussed with economists and experts.

Inflation in the eurozone jumped to 8.1% in May, from 7.4% in April, according to preliminary data released by Eurostat on Tuesday. Analysts forecast a much smaller increase to 7.8%. For Greece, inflation is estimated at 10.7% in May, up from 10.2% in April.

"Do not worry Bulgarians, inflation will not stay this way, it will get worse"

Wall Street closed its first losing week in the last four with an up-and-down on April 8, as investors brace for the Federal Reserve to tighten the brakes on the economy more aggressively to beat down inflation.

In its fourth meeting, the Price Stability Committee vowed to fight soaring inflation rates with "new policies to achieve security of supply against excessive price hikes," according to a statement released by the Treasury and Finance Ministry late on April 5.

The Bank of Japan made an offer for unlimited government bond purchases yesterday, moving to curb a surge in long-term interest rates in the world's third-largest economy.

The administrations of the four major Greek banks are ready to press the button for the abolition of interest on all deposit demand products, savings and current accounts.

In cutting interest rates amid spiralling inflation, the Turkish government under President Erdogan has thrown economic orthodoxy out the window. The poor face getting poorer.

New Finance Minister Lutfi Elvan (C) speaks to media after a ceremony marking the 82th anniversary of the death of Mustafa Kemal Ataturk at the mausoleum in Ankara, 10 November 2020. Photo: EPA-EFE/STR