Faced with the possibility of an economic storm and the increase in borrowing costs for the first time in more than 10 years, European banks will reveal their vulnerabilities by announcing to the investing public their financial figures for 2022 so far. As Reuters points out in its analysis, European banks already have to cope […]
Tag: Interest Rates
German press: Europe depends on Russian energy far more than Moscow depends on revenue
German newspapers focus on the Nord Stream 1 pipeline reopening, the ECB’s interest rate hike to 0.5% and the impact of Draghi’s resignation. The German press is commenting extensively on Russia’s decision to resume the flow of natural gas via Nord Stream 1 to Germany: The Süddeutsche Zeitung observes under the title “Gas, now”: “In […]
Eurozone: Recession fears rise as activity unexpectedly shrinks
Private sector activity in the euro zone unexpectedly shrank for the first time since lockdowns due to the coronavirus pandemic in early 2021, reinforcing signs that a recession may be on the way, according to Bloomberg. The S&P Global composite PMI fell to a 17-month low in July, falling below the level that signals a […]
The Central Bank of Russia reduced its key interest rate to 8%
Russia’s central bank cut its key interest rate by a more-than-expected 1.5 points to 8.0 percent on Friday and said it would study the need for further cuts as inflation slows and the economy needs cheaper borrowing as it sinks into recession. . It was the fourth reduction this year. Immediately after Moscow sent armed […]
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 […]
Denmark: The central bank, following in the footsteps of the ECB, increased the key interest rate by 50 bp. at -0.1%
Denmark’s central bank, which has kept interest rates in negative territory for more years than any other country, followed the lead of the European Central Bank on Thursday and raised its key interest rate by a similar percentage (50 basis points) to avoid risk disconnection of the value of the Danish krone from the euro, […]
Lagarde: All countries eligible for new TPI tool – High inflation to last
The upgraded assessment of inflation risks, combined with the enhanced support provided by the new TPI government bond tool, led to the ECB’s decision to raise interest rates more, Bank chief Christine Lagarde explained. At the same time, he signaled a new increase in interest rates in September, saying that further normalization is expected, but […]
ECB: Increase interest rates by 50 basis points
The European Central Bank announced its first interest rate hike in 11 years, opting for the most aggressive path of 50 basis points amid ever-increasing concerns about the impact of rising prices on households, companies and governments. The long-awaited interest rate hike by the ECB now brings it closer to more than 80 central banks […]
Central Bank of Turkey: Interest rates unchanged again – Pound again touches 18 against the dollar
The Interest Rate Committee of the Central Bank of Turkey (TCMB) kept it unchanged for another month, after its meeting on Thursday at noon. The key interest rate was kept at 14% for the seventh month in a row, after successive cuts last year sent the Turkish lira into crisis. However, the situation has not […]
Moody’s: The double ‘gift’ from the ECB to Greek banks
Her Eleftherias Kourtalis The European Central Bank will tomorrow proceed with the previously announced increase in its key interest rates by either 25 or 50 basis points and will reveal details of the new mechanism to limit the widening of euro zone sovereign spreads. Moody’s expects southern European banks to be the main beneficiaries of […]
