Yannis Stournaras

The European Central Bank must lower borrowing costs twice before its August summer break and two more times before the end of the year, without being swayed by the US Federal Reserve, Bank of Greece chief Yannis Stournaras has said.

In an interview conducted by Kathimerini Cyprus' Panayiotis Rougalas, Bank of Greece Governor Yannis Stournaras shed light on various aspects of the Cypriot monetary policy and economic landscape.

If the Bank of Greece did not operate under the protection of the institutional framework of independence, after what happened in 2015, the country would have perhaps left the eurozone, Bank of Greece (BoG) Governor Yannis Stournaras said on Saturday during a Kathimerini conference on a panel titled "In the next 50 years, is democracy safe?" Is Greece reformable?" "Who doubts that if it wasn't

If the Bank of Greece were not independent, Greece might have exited the eurozone in 2015, Yannis Stournaras, then as now the central bank's governor, said Saturday.

Greek central banker Yannis Stournaras is to sign a memorandum of cooperation between the Bank of Greece and the Central Bank of Cyprus on Friday.

To this end, Stournaras will visit Cyprus at the invitation of the governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou, accompanied by the deputy governor of the Bank of Greece, Christina Papakonstantinou.

The European Central Bank won't have enough information to decide on interest-rate cuts until June, even as inflation seems to be on track to reach the 2% target this year, Bank of Greece chief Yannis Stournaras has said.

Speaking to Bloomberg, he said that the "recent set of data suggests we will reach 2% in the autumn of this year."

Greek President Katerina Sakellaropoulou, Prime Minister Kyriakos Mitsotakis, President of the Parliament Konstantinos Tasoulas and ministers toured the Bank of Greece's vault which was recently upgraded with new security systems, as guests of its governor, Yannis Stournaras. The vault stores 71 of the 151 tons of Greece's gold.

The Bank of Greece is preparing to sound the alarm on the issue of prices, presenting a study that will highlight the reasons why Greece is more expensive than its peers in a range of products, including supermarket items.

Greece's return to investment grade in 2023 signals a return to normalcy and marks the start of a new effort to raise the prosperity level of the Greek people, Bank of Greece Governor Yannis Stournaras said on Monday at a bank event.

The European Central Bank's Supervisory Board (SSM) Chair Claudia Buch acknowledged the progress made by the Greek banking sector during her two-day visit along with Single Resolution Board Chair Dominique Laboureix to Athens.