Inflation in Europe is falling – in the Eurozone it is already at 1.7% i.e. below the upper limit of 2% – interest rates are also on a downward trend, but accuracy persists. They chase the deals and discounts Consumers are understandably tightening their belts and cutting back on non-essentials such as clothes, snacks and … Read more
“To make sure the speedy and constant implementation of the reformed financial governance framework, to advertise sound and sustainable public funds, sustainable and inclusive development and resilience by way of reforms and funding, and to stop extreme authorities deficits,” stated the Eurogroup choice, with participation of the finance ministers of the 27 member states, the … Read more
A storm within the European markets and reflection on the subsequent day relating to the European edifice was brought on by the early elections in France, then the rise of far-right events within the European elections, as political danger returned, bond yields and the chance premium of susceptible international locations, i.e. primarily of France and … Read more
Fiscal bellwether from the European Central Financial institution, which warns that eurozone international locations face “important fiscal burdens” and elevated debt from an growing old inhabitants, additional protection spending and local weather change. The ECB emphasizes that these developments make it extra crucial to scale back their excessive debt ranges. Central financial institution officers estimated … Read more
As much as Greece wants to forget the dystopian times of the recent crisis, the foreign protagonists of that time regularly bring back those dramatic moments, with mostly autobiographical narratives. The door to the time capsule is opened this time by the former head of the International Financial Institute IIF, Charles Dallara. With the book … Read more
Its general manager International Monetary Fund (IMF) Kristalina Georgieva, speaking to the media in Sofia today, said that the exact date of Bulgaria’s accession to the Eurozone is not as important as the accession itself, which could realistically take place in 2025. “We know that for Bulgaria its accession to the Eurozone is a priority, … Read more
As expected, the European Central Bank kept interest rates unchanged at today’s board meeting in Ghent, as reported by ot.gr. 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 … Read more
It is said that economic forecasts mainly serve to make astrologers seem a little more credible. A look at the success of last year’s predictions adds weight to this not very flattering bon mot. Instead of the most expected recession in history, the US economy expanded at a rate of 5.2 percent in the third … Read more
This year, the Czech National Bank will continue the easing of monetary policy, which it started in December with the first reduction in interest rates since May 2020, CNB Deputy Governor Eva Zamrazilová said on Sunday. The rate of reduction will depend on how quickly inflation, which interest rates are meant to tame, will subside. … 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