The governor of the Bank of Greece points out in an interview with Econostream the clear need for further normalization of the monetary policy of the euro zone, while expressing his strong opposition to any approach that would not be gradual, thus rejecting unusually large changes in interest rates and member of the board of […]
Tag: ECB interest rates
G. Stournaras for ECB: ‘There is no need to take very big steps’
The European Central Bank (ECB) should continue raising interest rates, but there is no need for a big move and the bank should instead take a prudent, cautious approach to normalizing its policy, the head of the Bank of Greece said on Tuesday, as reported by Reuters. The remarks are the first to go against […]
Bond yields are on the rise – The Greek 10-year yield exceeded 4%
The decline in bond prices continued today, resulting in the yield of the Greek ten-year bond exceeding 4%. Developments in the bond market mainly reflect the increased pressure on the European Central Bank to proceed with a further increase in interest rates in September, after the increase of 50 basis points (0.5%) in July. Despite […]
Olli Wren: Time for action for the ECB
The European Central Bank needs to act strongly to curb inflation and maintain expectations of future price growth as the weak euro exacerbates rising energy costs, according to Olli Rehn. It is important for policymakers to continue with a “consistent and smooth” normalization of monetary policy, Rehn, who heads Finland’s central bank, told Bloomberg Television […]
Reuters: Some ECB members want to start talking about 75 basis point hikes
Some members of the European Central Bank want the bank’s next meeting in September to discuss raising interest rates by 75 basis points, despite the risk of a recession in the Eurozone, as the picture on the path of inflation worsens, Reuters reported, citing five sources with knowledge of the case. THE ECB raised interest […]
Why is YPOIK facing a difficult winter?
By Tasos Dasopoulos The implementation of the unfavorable scenario for the energy sufficiency of the European Union since the autumn, with Russia having almost stopped the supply of natural gas to Europe since the middle of the summer, has filled for the Ministry of Finance the “vacuum” that was missing to make the macroeconomic scenario […]
Because the Ministry of Finance sees a difficult winter
By Tasos Dasopoulos The implementation of the unfavorable scenario for the energy sufficiency of the European Union since the autumn, with Russia having almost stopped the supply of natural gas to Europe since the middle of the summer, has filled for the Ministry of Finance the “vacuum” that was missing to make the macroeconomic scenario […]
Barclays: Deep and long recession the main scenario for the Eurozone – Stop interest rate hikes within 2022
Her Eleftherias Kourtalis Real GDP growth in the Eurozone in the first half of the year and inflation in July support Barclays’ estimate that the ECB will proceed with another aggressive rate hike of 50 basis points in September. However, the Bank of England’s baseline scenario for a mild recession in the Eurozone is changing […]
Whatever the ECB does, it is not enough…
By the Bloomberg Opinion Editorial Team If you think the US Federal Reserve has trouble controlling inflation, give the European Central Bank a sympathetic thought. On Thursday, its president Christine Lagarde announced the ECB’s first rate hike in 11 years – a bigger-than-expected increase of half a percentage point, bringing the key rate from -0.5% […]
Moody’s: Interest rate hikes and TPI reinforce the banks’ story – When will the ECB stop the tightening cycle
By Eleftherias Kourtalis The European Central Bank raised its key deposit rates by 50 basis points, more than expected, and announced a new bond-buying program designed to prevent euro zone sovereign spreads from widening more than economic fundamentals would justify sizes. Both measures are credit positive for eurozone banks, Moody’s emphasizes. As he points out, […]