Interest rate

"Core inflation in the Eurozone will remain high for the foreseeable future, so a European Central Bank (ECB) interest rate hike of up to 50 basis points later this month looks increasingly certain", ECB President Christine Lagarde told the Spanish media group Vocento.

The European Central Bank is set to raise interest rates again on Thursday and pencil in more hikes for the next few months, with the only open question being how big these will be.

Annual inflation in the Eurozone fell to 8.5% in January, according to Eurostat's preliminary data. This is the third month in a row that inflation has slowed.

The data comes ahead of the European Central Bank's first key meeting of the year. Later in the day, the Federal Reserve in the United States is expected to announce another interest rate hike.

BNB increased the main interest rate in February to 1.82. In January it was 1.42%.

The central bank started increasing the main interest rate since October last year, when it went from 0 percent to 0.49 percent.

An unpredictable year has begun for the real estate market, as countervailing forces from the supply and demand side collide.

What is the Bank of Greece's biggest concern? That reaching investment grade has drifted further away and that in an international environment full of uncertainties, there is only one certainty: That the time of abundant, cheap money has given way to an era of high interest rates and limited liquidity.

The new year starts from a favorable starting point, with the Greek economy having shown remarkable resistance to two consecutive, particularly serious, international disturbances - the pandemic and the energy crisis, starting with the war in Ukraine -, which were also accompanied by the most severe inflationary escalation in 40 years.

Washington – Global economy is in trouble, but given the circumstances Slovenia is in a relatively good financial and economic shape, Finance Minister Klemen Boštjančič and Banka Slovenije Governor Boštjan Vasle said at the end of the a meeting of the IMF and World Bank in Washington, US. The talks focussed on inflation.

Interest rate cuts will continue, President Recep Tayyip Erdoğan has vowed, calling on investors to benefit from cheaper loans being offered by state banks.

The last time the Federal Reserve faced inflation as high as it is now, in the early 1980s, it jacked up interest rates to double-digit levels and in the process caused a deep recession and sharply higher unemployment.

On Sept. 8 Chair Jerome Powell suggested that this time, the Fed won't have to go nearly as far.