ECB Governor Rejects Interest Rate Cuts to Spur Eurozone Growth In a significant advancement impacting global markets, European Central Bank (ECB) Governor Robert Holzmann firmly rejected calls for immediate interest rate cuts aimed at boosting the struggling eurozone economy. In an interview with Bloomberg on Saturday, Holzmann stated that such a move would be a … Read more
Protectionist policies by the incoming US administration will hamper global growth and Europe must be better prepared from 2018, European Central Bank (ECB) policymakers warned on Tuesday, Reuters reports. US President-elect Donald Trump has promised a big increase in trade barriers, including a universal 10% tariff on imports from all foreign countries and a 60% … Read more
Attica Bank The issue of correct information about her capital increase of Attica Bank it remains and as I learn… it has put the authorities on “war alert”. It is no accident that the controls are “suffocating”. I say this politely, because at the counters’ desks the hands… are shaking. In fact, some stock exchanges … Read more
Aggressive marketing I read with great interest the new programs of Attica Bank with the interest rate reaching 3%, from 10,000 euros in fact. Amazing, if you compare it to the programs of other banks. And above all, what interest rate do they give on deposits. But there is also the “fine print”. The ones … Read more
The governor of the Bank of Greece, Giannis Stournaras, foresees two more equal reductions in interest rates, by 0.25% each, by the European Central Bank (ECB) within 2024. As he says in an interview published today in the Financial Times, “Even if we have a 25 basis point cut now and another in December, interest … Read more
For the second time in the current cycle of monetary policy easing, the European Central Bank cut interest rates, confirming market expectations. In particular, as stated in the relevant announcement, the Board of Directors decided today to reduce the interest rate on the deposit acceptance facility – the interest rate through which it gives the … Read more
This year’s Jackson Hole symposium has a special feature, as it takes place in the middle of the election season. And the election is undoubtedly a big challenge for independent central banks. This is because the monetary policy makers cannot on the one hand prejudge the outcome, and on the other hand know what the … Read more
One of the worst aspects of the Spanish economy in recent years has been the rise in mortgage prices, which has led to growing concern about the ability of families to maintain their homes. With this situation, the governmenttogether with various financial institutions, has implemented a series of support and relief measures aimed at mortgage … Read more
he is euriborthe reference index for most Variable mortgages sold in Spain, continues to cause headaches for many families. This Thursday, August 8, The index rises slightly again, reaching 3.202% (+0.010), moving away from the historical levels it had achieved in 16 months, with 3.138%, where mortgage holders who review their credit with the figure … Read more
Frankfurt. The European Central Financial institution on Thursday stored rates of interest unchanged, as anticipated, and gave no clues about its subsequent transfer, arguing that home value pressures stay excessive and inflation will stay above its goal properly into subsequent yr. The ECB minimize rates of interest from document highs final month, in a transfer … Read more