1′ reading The Dbrs Morningstar agency confirms the BBB (high) rating for Italy with a stable trend. This is what we read in a note, which explains that Italy’s “economic fundamentals remain resilient” and the Pnrr supports growth. The stable trend reflects DBRS Morningstar’s view that ratings risks are balanced. The impetus resulting from the … Read more
In the last few months, a Czech investor could use one completely trivial tactic to get money: Simply exchanging crowns for US dollars at the nearest exchange office was able to earn him almost ten percent since mid-July. That’s how much the dollar overtook the Czech currency in just three months. And so far there … Read more
“The drop in year-on-year inflation was such that not only inflation itself but also prices fell. So we have deflation for September. All of this was stronger than expected,” emphasizes Datarun economist Petr Bartoň. “When even the rise in fuel prices could not prevent deflation, it is certainly a strong signal for the central bank … Read more
He Euribor It continues to fail, to the chagrin of those people who have contracted a variable rate mortgage. Thus, it closed the month of September at 4.145% (in August it was 4.073%). In this way, the Euribor The 12-month rate has gone from 2.23% to 4.20% in the last twelve months, which represents an … Read more
European Central Bank President Christine Lagarde reiterated that borrowing costs will remain high as long as necessary to curb consumer prices – despite the suffering economy. “Our future decisions will ensure that the ECB’s key interest rates are set at sufficiently restrictive levels for as long as necessary,” Lagarde told lawmakers in the European Parliament. … Read more
After about thirteen years, the Czech Republic will experience an almost unexpected, but prayed-for phenomenon. In an optimistic scenario, the rate of inflation in the country will fall below the level of the Czech National Bank’s rates this month, i.e. below seven percent. At least for domestic banks, this will mean the de facto end … Read more
The government has included the bank windfall tax in a wide-ranging package of measures ranging from taxi licenses to foreign investment. According to the agency ANSA, the tax could bring over two billion euros (48.5 billion CZK) to the state coffers. According to Reuters sources, the government expects to collect less than three billion euros … Read more
Oil prices rise at the end of trading, and record gains for the fifth week in a row, as the benchmark rose about 5% this week, supported by the supply cuts announced by the “OPEC +” alliance. Oil rises for the fifth week amid indications of tight supplies Oil prices rose at the end of … Read more
Barely insolvent, already sold: the Austrian furniture retailer Leiner Photo: imago/Alex Halada It’s never been like this before. The banking supervisors of the European Central Bank usually only check the transactions of the around 120 major banks in the euro area. For the first time, they are now examining a single customer – the Signa … Read more
“I dream of being able to hire more women who are experts in the economy,” says European Central Bank President Christine Lagarde, desiring to break the glass ceiling that still often slows down this gender, which is unfairly said to be weak, but it is “a source of enrichment for the economy.” She is the … Read more