Growth and inflation after the pandemic in the EU
by Maria Demertzis Countries hit comparatively hard during the financial crisis, helped also by domestic and European policies, are bouncing back from the pandemic faster...
Banking and Finance
BoE’s Bailey says fear is inflation ‘elevated for longer’
Bank of England Governor Andrew Bailey said his concern on the inflation outlook is that it could be “elevated for longer” but there is also...
Turkish opposition calls for early election amid lira meltdown
Turkish opposition leaders called for immediate early elections on Thursday after the lira plunged 6 per cent to new lows following the central bank’s decision...
S&P raises Bank of Cyprus’ outlook to positive following NPL sale
Rating Agency Standard and Poor’s revised Bank of Cyprus’, the country’s largest lender outlook to positive from stable, following a new NPL transaction titled “Helix...
How inflation and interest rates affect your Forex strategy
As a forex trader, it is important to keep on top of economic events that may influence the value of a currency. Two important measures...
Cyprus Business Now
Inflation in Cyprus reached 4.4 per cent during October of this year, according to the European statistical service (Eurostat). Cyprus’ inflation figure is slightly above...
Cyprus economy recovering ‘faster than expected’, credit rating agency says
Cyprus’ economy is recovering at a swifter rate than previously thought, with real GDP on track to reach pre-pandemic levels by the fourth quarter of...
High stakes: achieving a sustainable banking sector
By Nicos Panteli Supervisory authorities constantly remind banks that they need to drastically cut costs Without a doubt the Covid-19 pandemic has left its mark...
Getting balance right on UK euro clearing may take years, says EU official
The European Union won’t suddenly pull up the “drawbridge” on Britain’s financial services sector, and reducing reliance on the City of London for euro clearing...
Europe’s planned rival to Visa and Mastercard appeals for public funding
A planned pan-European payments network backed by 22 banks to compete with US duo Mastercard and Visa appealed on Tuesday for public money, saying its...
