By Leonidas Stergiou The figures published by the ECB and the Bank of Greece for July interest rates are impressive. The conclusions become even more interesting when compared to previous months, when the cost of money was lower. And they become even more interesting when comparisons are made between the course of Greek interest rates, […]
Tag: Interest Rates
Switzerland: Inflation at a three-decade high at 3.5%
Inflation also accelerated in Switzerland in August, under the burden of rising energy costs worldwide caused by Russia’s invasion of Ukraine. In particular, prices in Switzerland rose at an annual rate of 3.5% in August, accelerating from 3.4% in July which was already the highest level in three decades. Adjusted to the European Union’s measurement […]
The ECB sees inflation landing in 2024
By Leonidas Stergiou Two speeches and interviews by ECB officials days before the September 8 meeting put a brake on expectations of sharp interest rate hikes. The chief economist of the ECB, Philip Lane, from Spain and the Greek central banker and member of the d.s. of the ECB, Yannis Stournaras, from Austria, warned of […]
Villerois (EKT): The next rate hike must be ‘regular and predictable’
His opposition to the possibility of a giant rate hike by the ECB next week, which seems to be prevailing in recent hours in market estimates, was taken by French central banker Villeurat de Gallo, saying that the Bank’s next move should be “regular and predictable “. Eurozone inflation hit a new all-time high of […]
Euromarkets: Sharp losses and closing at lows of the day with a focus on inflation
The main European indices finished trading with significant losses, in the shadow of the new inflationary record that appears to be leading to a gigantic increase in ECB interest rates. In particular, the pan-European index Stoxx 600 completed on 415.12 units with a fall 1.1% and close near the day’s low, with pressures starting when […]
Goldman Sachs and BofA now see a giant 0.75% ECB rate hike
Goldman Sachs and Bank of America revised their forecasts for the European Central Bank’s interest rates today, estimating that a new surge in inflation will prompt its officials to respond aggressively. In particular, as Bloomberg reported, economists from both banks are now predicting that the ECB will raise interest rates by 75 basis points (0.75%) […]
Meister (Fed): Over 4% interest rates in early 2023
Federal Reserve Bank member and Cleveland Fed President Loretta Mester said she expects rates to rise significantly before the Fed eases its fight against inflation. Specifically, Ms Mester said she sees interest rates rising above 4% in the coming months. As a reminder, the range of the federal funds rate, which determines what banks charge […]
The ‘ghost of 1994’ of the Fed is haunting Asian markets
By William Pesek Asia will always have complicated feelings about Alan Greenspan. In the mid-to-late 1990s, the then chairman of the Federal Reserve Bank (Fed) was a real celebrity. His photo was featured in People magazine, Entertainment Tonight and on the front pages of national newspapers. Managing the world’s largest economy brought a brilliant biography […]
What does the drop in Greek bonds mean for the economy?
By Tasos Dasopoulos Abstinence from the issuing activity of new bonds is imposed by the explosive atmosphere created by the expectation of the second increase in the interest rates of the euro prepared by the ECB for the meeting next Thursday. Statements on the need for a decisive stance by the ECB to contain galloping […]
Klaas Knott (EKT): We must raise interest rates up front
The Dutch central banker and member of the Board expressed the view that the European Central Bank must immediately tighten its monetary policy, possibly even front-loading because inflation may move even higher. of the Bank Klaas Not. “Rapid normalization of interest rates is an essential first move, while some forward-looking hike should not be ruled […]