Public finance

Inflation fight is an ‘art,’ says Lagarde

Finding the right monetary policy response to tackle soaring inflation is an "art," European Central Bank President Christine Lagarde has said.

"It is not a science," Lagarde said on June 29 at a panel at the ECB's annual central banking conference in Portugal.
"What we are doing there is an element of art," she said.

Parliamentary Budget Office – 2022 fiscal adjustment at 9.6 billion euros

The draft budget report 2022 presents marginal changes in relation to the draft, according to the Budget Office of the Parliament.

"The estimated growth rate of this year has increased to 6.9% (compared to 6.1% in the Preliminary Plan), while the forecast for 2022 has remained unchanged at 4.5%," it said.

Turkish Central Bank lowers interest rates by 200 basis points

The Turkish Central Bank on Oct. 21 lowered its one-week repo rate by 200 basis points, well above market expectation.

The policy rate- also known as the one-week repo rate- decreased to 16% from 18%, the bank said in a statement following its 10th Monetary Policy Committee (MPC) meeting this year.

Staikouras – The energy crisis with us until the 2nd quarter of 2022

"All the policies that we announced at the Thessaloniki International Fair for 2022 apply, but for other political initiatives that we would like to take, the budgetary margins to be taken are limited", said the Minister of Finance Christos Staikouras and explained that "as much as we are forced to help society, these 500 million euros - which were announced yesterday that will be given - are m

Turkish Central Bank lowers interest rate to 18 pct

Turkey's Central Bank on Sept. 23 lowered its one-week repo rate - also known as the policy rate - by 100 basis points to 18 percent.

The Monetary Policy Committee at its ninth meeting this year evaluated core inflation and supply shocks which can be affected by monetary policy, and decided to revise the bank's monetary policy stance.