European Central Bank policymaker Yannis Stournaras said on Tuesday that consensus was building within the European Central Bank for a rate cut in June, if inflation develops as projected.
European Central Bank policymaker Yannis Stournaras said on Tuesday that consensus was building within the European Central Bank for a rate cut in June, if inflation develops as projected.
On the question of whether Greece is a country that can change, my answer is affirmative. Yes, Greece is a country where reforms can be made that improve the quality of democracy, strengthen the economy and change the lives of Greeks for the better.
Greece’s four systemic banks will distribute this year approximately 840 million euros in dividends, out of a total of €3.6 billion.
Greek banks estimate that interest rates will remain high, namely between 2.7% and 3% in 2024-2026.
The National Bank of Greece announced this week that it has successfully completed the placement of a reduced-security bond in the market amounting to 500 million euros with a return of 5.875%.
Taxpayers can now use foreign-issued bank cards to pay their taxes online, the Independent Authority for Public Revenue (AADE) has announced.
The Bank of Greece is establishing a ceiling on the issue of new mortgages to prevent excessive lending.
Greece will this year complete the sale of its outstanding stakes in five banks bailed out during last decade’s debt crisis and raise record revenues from state asset sales, its finance minister told Reuters.
Just 260,000 freelancers and self-employed people have so far registered in the system of accepting payments through their account.
Turkey’s central bank on Saturday raised the maximum interest rate on credit card cash withdrawals to 5% from 4.42%, according to a decision published in the Official Gazette, in a move aimed at additional tightening.
Millions of bank accounts of taxpayers and companies will soon be targeted by the tax authorities, with the use of the new system which will scan all their movements.
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.
The government is considering an Italian model for small-value transactions, seeking an agreement with those involved in the system of issuing and accepting cards to reduce fees.
The interest rate hikes by the European Central Bank and the increase in net interest income lead to an excessive accumulation of profits in Greek and European banks and fuel the inflation of banking greed (“bankflation”), warns the Center for Planning and Economic Research (KEPE).
National Bank of Greece (NBG) on Tuesday announced profits of 1.2 billion euros in 2023, driven mainly by interest rates. Net interest income jumped by 65% year-on-year.