As widely expected, the European Central Bank kept interest rates unchanged at today’s board meeting. Interest rates were last raised in September 2023 in the upward cycle that began in July 2022, with the deposit rate reaching 4%. In the next three meetings, the ECB consistently reiterated that interest rates would remain steady for a … Read more
THE European Central Bank it must cut borrowing costs twice before its summer vacation in August and twice more before the end of the year without being swayed by the Fed. This is what the governor of the Bank of Greece, Yannis Stournaras, said in an interview with Bloomberg, pointing out: “We need to start … Read more
In the course that led to the successful placement of the HFSF shares, the positive image of the Greek economy, the moves towards dividend distribution and the estimates for the interest rate policy of the ECB were mentioned, among other things, in an interview on Bloomberg TV by the CEO of Piraeus Bank, Christos Megalou. … Read more
The European Central Bank (ECB) is unlikely to cut its key interest rate this week. However, there are signs of a trend reversal in loan interest rates. Getty Images The European Central Bank (ECB) will decide on key interest rates for the first time in the new year this Thursday. ECB boss Christine Lagarde has … Read more
Global government bonds got off to a cautious start to the year as traders scaled back bets on major central banks cutting interest rates significantly this year. Germany 10-Year Treasury Bond YieldOn Tuesday (2nd), it jumped 9 basis points to 2.11%, a new high in more than two weeks, while the UK 10-Year Treasury Bond … Read more
In a year and a half, the ECB interest rate rose from the lowest to the highest level ever. Now that inflation is falling rapidly and high interest rates are economically painful, we have to wait for interest rate cuts in 2024. Whether mortgage and savings rates will fall along with it remains to be … Read more
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The European Central Bank (ECB) believes that the European financial markets are in a fragile state due to the rapidly rising interest rates. “The weak economic outlook and the consequences of high inflation are weighing on the ability of people, companies and governments to service their debts,” ECB Vice President Luis de Guindos said on … Read more
Bitcoin (BTC) shot up about 11 percent last week and is back near $30,000 at the time of writing. This coming week could be crucial for the bitcoin price and that is why it is extra important to take a closer look at the major macroeconomic data points. What will we be presented with next … Read more
Oct 6, 2023 at 10:58 PM Update: an hour ago The loose budgetary policies of many euro countries are thwarting the efforts of the European Central Bank (ECB) to reduce inflation. This was said by Klaas Knot, president of De Nederlandsche Bank (DNB) and ECB board member, at a meeting in Slovakia. Central banks are … Read more