The Piraeus Chamber of Commerce and Industry expresses its concern about even greater price pressures in the trade and industry sectors, following the developments of the EU proposals and the decisions of the ECB. The EBEP, as it notes in its announcement, expects that the activation of the weapon of increasing interest rates will stabilize […]
Tag: ECB interest rates
Holzmann (EKT): We might accept a moderate recession in the eurozone in order to tame inflation
The European Central Bank may have to accept a moderate recession to control inflationary price pressures if it sees signs that inflation expectations are strongly rising, Robert Holzmann, a member of the Bank’s management board, said, as reported by Bloomberg. . “We hope that this will not become necessary,” Holzmann told Austrian state broadcaster ORF […]
Kazimir (EKT): New increase of 25 or even 50 m.v. in September, depending on developments
Peter Casimir, a member of the European Central Bank’s governing board, said that the ECB’s next rate hike could be in the range of 0.25% or even 0.50%, depending on the then assessment of the situation in September, as reported by the Bloomberg agency. “How much we raise interest rates in September and at our […]
Germany: Satisfaction about ECB, pessimism about inflation
German economists express satisfaction with the ECB’s “aggressive turn” on interest rates. However, concerns about inflation and the risk of recession remain. Since May it has been clear that the European Central Bank (ECB) will renounce the policy of low to negative interest rates that it has consistently implemented for the past eleven years. Most […]
Citi: The increase in ECB interest rates by even 75-100 bp is now possible. in September
Her Eleftherias Kourtalis The increased risk of recession in the eurozone due to the worsening of the energy crisis, combined with the new political crisis in Italy, is expected to lead to a much more aggressive tightening of monetary policy in the short term. There are three main points of interest, according to Citigroup, at […]
The fall of the euro below 1 dollar, sounds the alarm for the hawks of the ECB
By Marcus Ashworth The weakening of the euro is fast becoming a problem for the European Central Bank, as the common currency has now fallen below absolute parity with the dollar. While this threshold may just be a number, it is arguably a development with symbolic significance: a break in absolute parity with the dollar […]
Strict warnings from Lagarde for bond and real estate purchases
By Leonidas Stergiou For two hours, MEPs have been trying to extract a word about what will be included or when the new instrument of intervention prepared by the European Central Bank for the bond market will be announced, without, however, achieving anything but receiving two Assurances from Mrs Lagarde: First, that the normalization of […]
Deutsche Welle: The Greek economy is safe (for now)
Economic analysts told Reuters that the Greek economy does not seem to be in danger in the near future, even in an environment of rising interest rates. The era of “cheap money” is coming to an end as central banks, one after the other, raise interest rates in a bid to tame inflation. In fact, […]
The debt fever of Italy and the ‘cough’ of Greece
By Tasos Dasopoulos “Greece may have its -proportionally- largest debt in the single currency bloc today, but the whole Eurozone is holding its breath for Italy, which in the current context of high inflation and the environment of rising interest rates, is fast approaching” red belt “. The third largest economy in the Eurozone will […]
G. Nagel (ECB): The ‘journey’ of interest rate hike has just begun
The “journey” of interest rate hikes by the European Central Bank has just begun, ECB member Joachim Nagel said on Friday, adding that how fast the central bank will move will be determined by financial data. “How fast or fast we move will depend on how the data evolves,” Nagel said during a student event. […]