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ECB
How they evaluate the interest rates cut from ECB
One of the top issues that international rating agencies, investment banks (e.g., Goldman Sachs), and institutions are examining in recent meetings with bank management is the course of interest income.
Third interest rate cut of 0.25% in 2024
The European Central Bank confirmed analysts' and markets' forecasts by cutting interest rates for the third time and for the second consecutive time by 25 basis points.
Second interest rate cut of 0.25%
Confirming market expectations, the European Central Bank cut its key interest rate by another 25 basis points against the backdrop of a moderation of inflation in the euro area to 2.2%, very close to the 2% target.
Sees two ECB interest rate cuts in 2024
The weak eurozone economy could drive inflation below the 2% target, Bank of Greece Governor Yannis Stournaras said in an interview.
Two more interest rate cuts reasonable this year
Yannis Stournaras, a member of the ECB Governing Council, believes that two more interest rate cuts this year are appropriate, and recent data on inflation and economic expansion support the need for further ones.
Starts cutting rates
The European Central Bank reduced borrowing costs on Thursday from all-time highs, indicating that it was making headway in the fight against excessive inflation, even though the rate of increase was expected to persist until the following year.
Ηolds interest rates at 4%
The European Central Bank holds interest rates, says cut ‘appropriate’ if inflation falls further.
Accepts Scope Ratings within Eurosystem Credit Assessment Framework
The ECB has accepted Scope Ratings GmbH as a new external credit assessment institution (ECAI) within the Eurosystem Credit Assessment Framework (ECAF).
Vulnerable decisions
Reading Christine Lagarde's interview in Kathimerini, I noted the following
Lagarde praises Greek economy's return to pre-Covid levels
ECB's president said that Greek bonds are now eligible to participate in ECB's repurchase programs, as they have been excluded due to their "junk" status.
ECB's head praises Greek economy's turnaround; Applauds Unicredit deal
Also, Lagarde stated that the offer of Unicredit for acquiring a 9.0% stake in Alpha Bank is a “clear sign of confidence.” Possibly, more deals to come, she said.