The EU at a crossroads and the Draghi report
The EU is currently undergoing a critical period, mainly due to economic stagnation, lagging behind the US and China in the field of technology and insufficient progress in the battle ...
Goldilocks meets Santa as global stocks power to best month in three years
November has shaped up to be a fairytale month for equities, with the festive Santa rally investors traditionally hope for coming early as traders bet on a Goldilocks scenario of ...
Eurozone should not ease bank buffers, ECB says
Eurozone economic growth will remain weak in the near term as services and the labour market weaken but nations in the bloc should not free discretionary bank buffers to ease ...
Banking best it’s been in a decade, experts say
The Cypriot banking sector is in the best position it has been in a decade, experts said during a session on the sector’s response in an environment of elevated ...
Further ECB rate hikes can’t be ruled out, Finland’s Valimaki says
The European Central Bank has done enough for now to combat inflation but a further increase in interest rates later on cannot be ruled out, Bank of Finland board member ...
ECB done hiking rates but cut not expected until at least July
The European Central Bank is done hiking interest rates and will stay on hold until at least July next year, according to economists in a Reuters poll, who said there ...
Questionable performances of Cyprus banks
Large increases in profits not due to better performance in using the funds of depositors to improve the economy
Recent media reports on the performances of the largest Cyprus banks ...
Slide in euro zone service sector sharpens ECB’s rates dilemma
Euro zone business activity declined far more than thought in August with the slide in Germany particularly fast, while some inflationary pressures returned, surveys showed.
Wednesday’s purchasing managers’ indexes ...
ECB’s Panetta backs keeping rates high over more hikes
European Central Bank board member Fabio Panetta made the case on Thursday for keeping the ECB’s interest rates at their current high level for longer, rather than raising them ...
Euro’s stellar run in doubt as ECB muddies rate outlook
Euro bulls are set for an anxious summer ahead as doubts creep in over how far the ostensibly still-hawkish European Central Bank will go with interest rate rises.
The euro ...
ECB raises rates to 23-year high; keeps options open for September
The European Central Bank raised interest rates for the ninth consecutive time on Thursday and kept the door open to further tightening as stubborn inflation and a growing risk of ...
Hike and then?: Five questions for the ECB
The European Central Bank looks set to pull the rate-hike trigger on Thursday, but what it will do after July is less certain and financial markets are craving some guidance.
...
Euro zone profits still bigger factor in inflation than wages: ECB
A key measure of corporate profitability in the euro zone rose to a record high last quarter, keeping up pressure on inflation as the long-awaited drop in business margins is ...
ECB policymakers see little chance of rate hike pause as inflation stubborn
European Central Bank policymakers don’t generally expect evidence that stubborn inflation is easing to be clear enough for them to pause the longest streak of interest rate hikes in ...
‘Long-term investments can protect the value of your money’, fintech founder says
The European Central Bank (ECB) on Thursday raised interest rates for the eighth consecutive time, in line with market expectations, staying on a path of policy tightening, as it continues ...
ECB warns of hit to top European banks if funds run into trouble
The euro zone’s top banks may take a hit if their financial clients, such as funds, insurers and clearing houses, withdrew their deposits or otherwise ran into trouble, the ...
Looking backwards not forwards: why has the ECB been too slow to react?
By Maria Demertzis
In its spring 2023 inflation forecasts, issued on May 15, the European Commission predicted that euro-area inflation this year will be 5.8 per cent, a little higher than anticipated in ...
CBC Governor to participate in ECB in Frankfurt
The Governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou, will participate on Wednesday, May 24 2023, in the European Central Bank (ECB) Governing Council non-monetary policy meeting in Frankfurt.
A ...
Audit finds holes in ECB’s management of bank credit risk
European Central Bank supervisors are often too lenient with banks in how they manage credit risk, especially in the case of the worst performers, the European Court of Auditors (ECA) ...
ECB raises rates by 25 bps in inflation fight
The European Central Bank raised interest rates by 25 basis points to 3.25 per cent as expected on Thursday and said it would stop reinvesting cash from maturing debt in its 3.2 trillion ...
Soft lending and inflation data pave way for smaller ECB hike
Euro zone banks are turning off the credit taps and a key gauge of inflation is finally falling, data showed on Tuesday, boosting the case for a smaller interest-rate increase ...
Too high for comfort: Five questions for the ECB
Inflation in the euro area is too high for comfort, meaning markets expect the European Central Bank to deliver its seventh straight interest rate hike on Thursday.
With some stability ...
ECB executive pleased at Cyprus’ economic progress
ECB executive committee member and chief economist Philip Lane met with Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Wednesday, after being invited by the latter to the island ...
Consequences of persistent inflation and monetary policy
By Andreas Charalambous and Omiros Pissarides
With the easing of the pandemic and the gradual reactivation of economies, rising inflation was initially perceived as a transitory phenomenon. The authorities’ underestimation ...