The rise in interest rates may be gradual, according to the Governor of the Bank of Greece, Giannis Stournaras. Speaking today at the National Bureau of Economic Research International Seminar on Macroeconomics hosted by the BoG, its governor said that the “normalization of monetary policy pursued by the ECB (ie the end of bond markets […]
Tag: Giannis Stournaras
G. Stournaras: The dangers for the EU are serious. from the war in Ukraine
The need for the major institutional reforms that the Eurozone needs to proceed more rapidly was mentioned by the Governor of the Bank of Greece, Giannis Stournaras, in a speech to the members of the Supervisory Board of the Unified Supervisory Mechanism (EEM) on the occasion of the Supervisory Board meeting. Bank of Greece. The […]
G. Stournaras: Bank of Greece had warned in time about high inflation
The Bank of Greece had warned in time since June 2021 in the Monetary Policy Report about the risk of a global inflation spike, noting that there are also structural factors, such as the denationalization of production and climate change, which may lead to higher long-term inflation, said recently the governor of the BoG Giannis […]
G. Stournaras: The shock in Ukraine contributes to the increase of inflation
In the wake of the publication of the annual report of the Bank of Greece for 2021, during today, the fourth day of work of the 7th Delphi Economic Forum on the situation and prospects of the Greek economy, in the midst of a fluid economic environment, guided by the effects of the pandemic , […]
Central Bankers: There is no risk of stagnant inflation in the Eurozone
The Eurozone does not face the risk of stagnant inflation and in order to face the challenges of the future it is necessary to go further, mainly the integration of the banking system and the financial markets with institutions such as the Pan-European Deposit Guarantee Fund. This is in general the joint component of the […]
Twenty years since the creation of the euro – The challenges of the single currency
The discussion on the “20 years of the euro”, focusing on how crises and challenges have affected the European currency, took place at the 7th Delphi Economic Forum. Giannis Stournaras, Governor of the Bank of Greece, noted that “if we have deeper integration in Europe, we will have a strong euro that could take the […]
BoG: ‘Yes’ to increasing the coverage of the beneficiaries of the minimum guaranteed income
of D. Katsagani The Bank of Greece is in favor of increasing the coverage of the beneficiaries of the minimum guaranteed income. According to the annual report of the BoG governor, Giannis Stournara, for 2021, “significant protection gaps remain, eg with regard to the unemployed, as mentioned above, but also the very poor households, of […]
G. Stournaras: Lowers the growth bar to 3.8%
LAST UPDATE: 13:19 The Governor of the Bank of Greece, Giannis Stournaras, lowered the estimates for the development. As he stated during the General Meeting of BoG shareholders, the Greek economy is projected to continue growing in 2022, but at a slower pace than initially forecast (4.8%). This, as the escalation of uncertainty due to […]
G. Stournaras: There may be a small increase in interest rates by the ECB at the end of the year
The Governor of the Bank of Greece (and member of the Board of the ECB) Giannis Stournaras left open the possibility for the European Central Bank (ECB) to increase its key interest rate slightly towards the end of the year. Speaking at the Economic Post conference, Mr. Stournaras said that the ECB must be very […]
G. Stournaras at the Banking Summit: We are living the perfect storm after the Russian invasion of Ukraine
According to the governor of the Bank of Greece, Giannis Stournara, the “perfect storm” we are living in after the Russian invasion of Ukraine, which followed the outbreak of the pandemic, is causing stagnant inflationary tendencies. Speaking at a banking conference, he argued that the war in Ukraine has strengthened all the vulnerabilities of the […]