Her Eleftherias Kourtali Risks to global credit conditions are widening — mainly due to international political tensions, persistent inflation and rising borrowing costs, as the S&P rating agency warns. The outlook for global economic growth has deteriorated, albeit modestly, and the ability of central banks to curb inflation without hampering recovery after the pandemic is […]
Tag: European Central Bank (ECB)
Greek bonds bought 2 billion euros by the ECB in the last two months – At 10% the 10-year yield
The nominal value of the Greek Government bonds purchased by the European Central Bank (ECB) until January 22, 2022 amounted to 36.8 billion euros. According to the data published by the ECB, in the two months of December-January under the PEPP pandemic program, Greek bonds with a nominal value of approximately 1.9 billion euros were […]
The ECB could raise interest rates this year, says the new head of the Bundesbank
LAST UPDATE 13:15 The European Central Bank could raise interest rates this year as inflation turns out to be higher than originally estimated, Bundesbank President Joachim Nagel said in an interview with Die Zeit. “If the image [στον πληθωρισμό] “It will not change until March. I will support the normalization of monetary policy,” said Nagel, […]
ECB official at Capital.gr: ‘Minimum wage increases only after study’
By Leonidas Stergiou The rhetoric of the ECB and the statements of its leader Christine Lagarde, after last Thursday’s meeting, were based on the change of data from the previous meeting in December. No, but for such a big change that it would change the line of monetary policy, significantly restricting bond markets or raising […]
PIMCO: Tightening ECB policy increases risk of financial accident
Her Eleftherias Kourtali The exit of the ECB from the bond market program and the increase in interest rates increase the risk of financial disaster, especially as debt levels in the eurozone have risen during the pandemic and as many other central banks tighten their policies at the same time, he points out. Joachim Fels, […]
Villeroy: ECB will do whatever it takes to drive inflation to 2%
The European Central Bank will do whatever is necessary to drive inflation back to the 2% target in the medium term, the board member stressed today. of the ECB and Governor of the Bank of France, Villeroy de Galhau as reported by Reuters. Inflation hit a new high of 5.1% in January. This has raised […]
Bonds’ positive ‘reaction’ after Lagarde’s assurance of ‘gradual’ moves
Bond prices are recovering slightly today after the big decline recorded yesterday. ECB chief Christine Lagarde’s speech to the European Parliament yesterday, in which she assured that the next moves would be “gradual” and “linked to the course of financial data” seems to have convinced investors in part. In any case, the ECB’s intention to […]
Goldman Sachs: No worries about spread spreads – Higher borrowing costs will be offset by growth
Her Eleftherias Kourtali Goldman Sachs is not worried about the impact of rising eurozone bond yields on the sustainability of public finances in high-debt countries, saying higher borrowing costs will be offset by the emerging economy. As the American bank notes in today’s report, the European bond market has made a rapid “turnaround”. This is […]
Goldman Sachs: No worries about launching spreads
Her Eleftherias Kourtali Goldman Sachs is not worried about the impact of rising eurozone bond yields on the sustainability of public finances in high-debt countries, saying higher borrowing costs will be offset by the emerging economy. As the American bank notes in today’s report, the European bond market has made a rapid “turnaround”. This is […]
Pablo Hernandez de Cos: Any tightening of the policy will be gradual
The member of the board of the ECB, Pablo Hernandez de Cos, stated that any future tightening of monetary policy will be gradual and will depend on the new macroeconomic data. “The degree of uncertainty is high and any normalization of monetary policy must be gradual,” De Cos said at an economic event in Bilbao. […]