Tag: “Central Banks”

The Bank of Japan maintained ultra-low interest rates on Thursday but said risks around the U.S. economy were somewhat subsiding, signalling that conditions are falling into place to raise interest rates again.

Ικανοποιημένος από την πορεία της ελληνικής οικονομίας εμφανίστηκε ο Διοικητής της Τράπεζας της Ελλάδος, Γιάννης Στουρνάρας κατά τη διάρκεια χαιρετισμού του στο 3ο Οικονομικό Συνέδριο της Ναυτεμπορικής «Η παραγωγική Ελλάδα την επόμενη δεκαετία».

The U.S. 10-year Treasury yield was on the move higher again on Tuesday after Federal Reserve officials urged caution on the path of interest rate cuts.

The one-year loan prime rate (LPR) has been cut to 3.1%, while the five-year LPR has been trimmed to 3.6%, the People’s Bank of China (PBOC) said.

The European Central Bank on Thursday cut its key interest rate to 3.25%, in its third quarter-percentage-point reduction of the year.

Ο Γιάννης Στουρνάρας αναμένει δύο μειώσεις επιτοκίων φέτος και περαιτέρω χαλάρωση το 2025 από την ΕΚΤ, όπως αναφέρει ο Διοικητής της Τράπεζας της Ελλάδος σε συνέντευξή του στους Financial Times που δημοσιεύθηκε την Τετάρτη.

Sterling was down 1.33% to $1.3091 at 12:35 p.m. in London, its lowest intraday level since Sept. 12. The drop put sterling on course for its steepest daily decline against the greenback for more than 20 months, according to a CNBC calculation of LSEG data.

China’s central bank said on Sunday it would tell banks to lower mortgage rates for existing home loans before Oct. 31, as part of sweeping policies to support the country’s beleaguered property market as the economy slows.

The personal consumption expenditures price index, a measure the Fed focuses on to measure the cost of goods and services in the U.S. economy, rose 0.1% for the month, putting the 12-month inflation rate at 2.2%.

China’s central bank on Friday lowered interest rates and injected liquidity into the banking system as Beijing assembled a last-ditch stimulus assault to pull economic growth back towards this year’s roughly 5% target.

The Swiss National Bank on Thursday took a third step to loosen monetary policy this year, bringing its key interest rate down by 25 basis points to 1.0%.

China will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio or RRR, by 50 basis points, People’s Bank of China Gov. Pan Gongsheng said during a press conference on Tuesday.

Federal Reserve Bank of Minneapolis President Neel Kashkari on Monday said he supported the U.S. central bank’s recent interest rate cut, calling it the “right decision” in light of substantial progress on inflation and the risk of an increase in unemployment.

The Bank of Japan kept its benchmark interest rate steady at “around 0.25%” — the highest rate since 2008 — at the conclusion of a two-day meeting Friday. 

China on Friday kept its main benchmark lending rates unchanged at the monthly fixing.

The U.S. central bank on Wednesday kicked off an anticipated series of interest rate cuts with a larger-than-usual half-percentage-point reduction that Federal Reserve Chair Jerome Powell said was meant to show policymakers’ commitment to sustaining a low unemployment rate now that inflation has eased.

The Bank of England on Thursday said it would hold interest rates steady following its initial cut in August, even after the U.S. Federal Reserve opted for a jumbo rate cut the day before.

«Η Ελλάδα, ως κράτος-μέλος μιας νομισματικής ένωσης που με τις προτάσεις Ντράγκι θα αρχίσει σταδιακά να αποκτά και ισχυρότερα χαρακτηριστικά μιας Οικονομικής Ένωσης, μιας τραπεζικής ένωσης, μιας ένωσης κεφαλαιαγορών και μιας δημοσιονομικής ένωσης, αναμφισβήτητα θα ωφεληθεί», τονίζει χαρακτηριστικά.

The European Central Bank should almost certainly wait until December before cutting interest rates again to be certain it is not making a policy mistake in easing too quickly, ECB Governing Council member Peter Kazimir said on Monday

The ECB lowered its deposit rate by 25 basis points to 3.50% in a widely telegraphed move, following up on a similar cut in June as inflation is now within striking distance of its 2% target and the domestic economy is skirting a recession.