Mathematical finance

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.

Argentina is the cheapest

According to information, the interest rate will be set close to 0.90%.

Erdogan this month fired bank governor Naci Agbal who had increased the country’s policy interest rate by a total of 875

The Board of the National Bank of Romania (BNR) decided today to keep the benchmark interest rate unchanged at 1.25 pct per annum, the central bank said in a release. The monetary authority also decided to maintain the deposit facility rate at 0.75 pct per annum and the lending facility rate (Lombard) at 1.75 pct per annum.

Central banks around the world should not discard negative interest rates policies (NIRP) but instead keep them in their toolkit, even if using such policies is unlikely, the IMF suggested on March 3. 

"NIRP was and remains politically controversial, partly because it is often misunderstood," the global financial body stressed in a new report.

Denmark has  longest history of a country with  negative central bank rates is offering homeowners 20-year loans at a fixed interest rate of zero.

The government and Public Power Corporation have high hopes for the revenues from the sale of a 49% stake in the Hellenic Electricity Distribution Network Operator (DEDDIE), launched by PPC in a tender last Tuesday.

The Board of Directors of the National Bank of Romania (BNR) decided, in Friday's meeting, to reduce the monetary policy interest rate to 1.75% per year, from 2% per year, starting with June 2, informs the central bank.

Six European Union states will scrap bans on short-selling shares introduced during bouts of extreme market volatility in March when national lockdowns were rolled out across the bloc to fight the Covid-19 pandemic.