Greek central bank

The European economy would suffer if Donald Trump enacted his pledges on tariffs and trade barriers, and this could impact European Central Bank policy, Greek central bank chief Yannis Stournaras said on Thursday.

Recent data on inflation and economic expansion strengthen arguments for additional interest rate cuts by the European Central Bank, with two more this year, according to statements by Board member and Bank of Greece Governor Giannis Stournaras to Bloomberg.

The European Central Bank is "most likely" to cut interest rates just three times this year as stronger-than-expected economic growth supports inflation, Bank of Greece governor and ECB governing council member Yannis Stournaras has said.

Greece's economy is seen growing by 2.3% this year, well above the euro zone average, Greek central banker Yannis Stournaras said on Monday.

The projection is lower than a government estimate of 2.9% expansion.

The Greek central bank is set to trim its growth outlook for next year significantly in its upcoming December forecasts.

Bank of Greece Governor Yannis Stournaras told Politico that his institution now expects the Greek economy to expand 2.4% this year, and by 2.5% in each of the two subsequent years.

Calling for a comprehensive action plan to tackle burgeoning tax evasion, Greek Central Bank Governor Yannis Stournaras on Tuesday warned that the size of the shadow economy is estimated at nearly 21% of gross domestic product.

Two European Central Bank policymakers on Friday raised the prospect of an end to the ECB's steepest and longest string of interest rate rises, as the outlook for the eurozone economy worsened despite stubbornly high inflation.

The ECB increased borrowing costs for a ninth consecutive time on Thursday but raised the possibility of a pause in September as recession worries mount.

Greek central bank chief Yannis Stournaras did not rule out a further interest rate hike by the European Central Bank in September, but added that any increase beyond that month "would be surprising."

The exposure of Greek banks to Credit Suisse is "almost zero," Greek central bank chief Yannis Stournaras told Reuters on Monday.

"They (the Greek banks) are not exposed to Credit Suisse's Additional Tier 1," Stournaras, who also sits on the ECB's 26-member Governing Council, said, adding that Greek banks are solid. [Reuters]

Greece is close to regaining its investment-grade credit rating in 2023, after 12 years of relegation to junk status, the Financial Times reported on Tuesday.

"We think that 2023 is the year will get the investment grade," Greek central bank chief Yannis Stournaras said in an interview with the paper, urging the country's next government to maintain fiscal prudence.