Rethinking macroeconomic policy after the pandemic
By Michalis Sarris
The policy response of Governments and Central Banks to the pandemic was massive and unprecedented. In the USA, the Federal Reserve Bank put out $3 trillion in high-powered ...
Full force of central banks siphoning world liquidity
Coordinated or not ahead of this month’s G7 summit, global central banks are accelerating interest rate hikes but also actively draining the giant pool of cash swilling around world ...
Cyprus Fiscal Council recommends caution in public finances due to increased risks
The Cyprus Fiscal Council recommends particular caution in public finances due to increased risks, which may persist over time, expressing the view that support measures should be focused on small ...
ECB promises new instrument to support indebted members
The European Central Bank promised fresh support and a new scheme on Wednesday to temper a market rout that has fanned fears of a new debt crisis on the euro ...
Explainer: What is a bear market?
The S&P 500 index, the most closely followed benchmark for US equities on Wall Street, has slid this year as inflation jumped to its highest rate in 40-years.
On ...
Lending rates to increase gradually
By Yiannis Seitanidis
Hellenic Bank CEO Oliver Gatzke said he expected there would be some time between the ECB’s rate hike in July and an increase of lending rates ...
ECB to discuss market rout in unscheduled meeting
The European Central Bank’s policy-setting Governing Council will hold a rare, unscheduled meeting on Wednesday to discuss the turmoil in bond markets, underscoring official concern around a blowout in ...
The funds making moolah from messy markets
The crypto market’s a hot mess, leaving many investors struggling to turn a buck. Enter the arbitrageurs.
Bitcoin and other cryptocurrencies have either been shackled to ranges or in ...
Soaring inflation fuels bets on sharper Fed rate hikes
Stubbornly hot US inflation is fueling bets that the Federal Reserve will get more aggressive about trying to cool price pressures and even potentially ditch its own forward guidance by ...
Crypto regulation efforts need to keep pace with market growth
The number of Canadians who own cryptoassets is growing rapidly and efforts to regulate the sector need to start keeping pace, a senior Bank of Canada official said, noting many ...
Uncertainty and ECB rate hike announcement push Cypriot bonds yields upwards
Economic uncertainty amid the Ukraine war and the European Central Bank rate hikes announcement are pushing Cyprus bond yields upwards in the wider context of sovereign bond sell-off in secondary ...
Three headaches for the European Central Bank
By Maria Demertzis
In its latest forecast published on 16 May, the European Commission expects inflation in the euro area to be 6.1 per cent and growth 2.7 per cent in 2022. The last ...
Hellenic Bank records €25.1 million after-tax profit in Q1 2022
Hellenic Bank recorded an after-tax profit of €25.1 million in the first quarter of 2022 and announced that it has already embarked on a 3-year transformation journey to unleash its potential and ...
Growth at 2.7 per cent, inflation at 7 per cent for 2022
The growth rate for 2022 is expected to be 2.7 per cent, while inflation will rise to 7 per cent, according to the revised June forecasts, published by the Cyprus Central Bank on ...
UK lenders no longer too big to fail, says BoE
The Bank of England said on Friday it was satisfied lenders had taken steps to ensure they were no longer “too big to fail” in any future crisis, though it ...
House unanimously passes law to fast-track part of lost Laiki deposits
By unanimous vote, the House on Thursday passed legislation aiming to fast-track the return of at least part of the moneys that legacy Laiki’s depositors lost when the bank ...
ECB signals a string of interest rate hikes starting in July
The European Central Bank ended a long-running stimulus scheme on Thursday and signalled a series of rate hikes that may be scaled up from September if the inflation outlook fails ...
Euro edges up, yen languishes as all eyes on ECB meeting
The yen dropped to a new 20-year low versus the dollar on Thursday, and the euro inched higher ahead of a highly-anticipated meeting of the European Central Bank, which should ...
Morning Bid: Hey ECB, how high will you go?
There’s little doubt the European Central Bank will on Thursday confirm it will pull the plug on years of stimulus and is getting ready to hike interest rates for ...
Cyprus Business Now
Quant Insight (Qi), a Limassol-based quantitative financial market analytics and trading insights provider, on Wednesday announced that it has entered into a collaborative initiative with Goldman Sachs.
The collaboration will ...
Cyprus Business Now
Total employment for the first quarter of 2022 increased by 1.9 per cent when compared to the corresponding quarter of 2021, according to a preliminary estimate by the Cyprus Statistical Service (Cystat) released ...
Britain makes crypto technology a priority for streamlining markets
Britain will begin live testing of crypto blockchain technology for traditional market activities such as trading and settlement of stocks and bonds next year as part of a drive to ...
Supreme Court rules against Anastasiades on foreclosures bill
The supreme court has ruled that a bill passed by parliament last July extending a moratorium on foreclosures until the end of October 2021 was not unconstitutional and should therefore now ...
Confronting the inflation beast: Five questions for the ECB
The European Central Bank looks all but certain to announce on Thursday that its years of bond-buying stimulus are over and that high inflation means interest rate rises are imminent.
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