“Banking sector resilient” ECB raises interest rates significantly 03/16/2023, 2:15 p.m Despite severe turbulence on the financial markets, the European Central Bank is raising interest rates sharply again. In order to get inflation under control, it is raising the key interest rate by 50 basis points to 3.5 percent. With the sixth interest rate increase … Read more
18.03.2023 18:01 (Akt. 19.03.2023 14:12) ECB Governing Council member: Wouldn’t have withstood any risk test of a European nature ©WHAT Austria’s central bank chief Robert Holzmann is trying to calm down after the collapse of the Silicon Valley Bank (SVB) in the USA and the turbulence at the ailing Swiss bank Credit Suisse. He sees … Read more
With another key interest rate increase by the ECB by 0.5 to 3.5 percentage points, the prospects for savers have improved further. In return, however, loans are also becoming more expensive, which has a frightening effect on real estate financing in particular. The European Central Bank (ECB) has once again reacted to the persistently high … Read more
The price of Czech eggs increased by 95.1 percent in February and easily defended the first place in Europe. On the contrary, Czech butter prices fell the most in the EU, which are only five percent higher than last February. Both extremes show that food prices jump the most, yet something else may be to … Read more
The dollar/TL, which saw the lowest 18.7925 and the highest 19.2213 yesterday, completed the day at 19,0014, just above the previous close. Dollar/TL is traded at 19,0050 after starting the new day flat. Euro/TL is sold at 20,2740 with an increase of 0.5 percent, and at 23,1320 with an increase of 0.4 percent. While the … Read more
Why are we talking about it. March 15 was World Consumer Rights Day. The opportunity for the CFC to look at “the inflationary forces at work in the various sectors” and to outline recommendations to the authorities. As some price increases are structural, they are expected to continue in the coming months. The sectors covered … Read more
The Banco de México rate could be at 10.74% at the end of the year, according to the forecasts of 49 analysts and brokerages consulted by FocusEconomics. This forecast accumulates five consecutive months up from 9.71% in October and incorporates the possibility of one or two cuts, assuming that the rate currently stands at 11 … Read more
Although the general reasons for the rise in record inflation in February were various, the Ministry of Economy views with concern a phenomenon that official offices call “cross profitability”. The reference is for companies that, in order to recover the lower profit they have from increasing only 3.2 percent in large hypermarkets via Fair Prices, … Read more
The prospect of central banks slowing the pace of monetary tightening, as inflation continues to slow, supply difficulties ease and the opening up of the Chinese economy has supported economic growth globally. The Central Bank of West African States (Bceao), which provides this information, notes, however, that the Russian-Ukrainian conflict and the resurgence of Covid-19 … Read more
Bank “Luminor” predicts that the average annual inflation in Lithuania should reach 7 percent this year, and the scenario of deflation is not ruled out next year. Last September, the bank calculated that this year inflation will reach 4.5 percent, and in 2024 it will be 1 percent. deflation. “Then we expected that food prices … Read more