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
Emphasis continues as long as needed The final stages of the ECB’s interest rate hike are the focus, with core inflation subdued and underlying price pressures stubbornly increasing. Most economic analysts expect central bank officials to temporarily stop raising interest rates after next month’s meeting after the deposit rate reaches 3.75%, although money markets expect … Read more
Efforts to Curb Inflation in Europe In recent news, concerns about rising inflation in Europe have prompted efforts to curb its impact on the economy. The European Central Bank (ECB) and various financial institutions are taking measures to address this issue and maintain stability. Isabel Schnabel, a member of the ECB’s governing board, has warned … Read more
EFinally the Austrian Raiffeisenbank International (RBI) is going on the offensive. The pressure from the public and the shareholders, which was built up primarily by Ukraine and most recently also by the European Central Bank, was too strong. The bank may part with its business in Russia. Now RBI boss Johann Strobl gave in to … Read more