Inflation in Russia continues to grow to the point where President Vladimir Putin acknowledges that there is a problem in the federation. It rose to 9.9 percent in January and exceeded 9.5 percent recorded last year. The leader of the Kremlin accepted the existence of a “challenge” for the national economy and ordered to take […]
Tag: interest rates
High inflation in Poland will last longer. The MPC explains why
Loosening energy prices could extend the period in which inflation remains above target, the Monetary Policy Council said. “In the Council’s assessment, inflation will remain well above the NBP inflation target in the coming quarters, which will be driven by the effects of the past increase in energy prices, as well as increases in excise […]
Inflation in Europe is below 2 percent, but Lagarde suppresses interest rate cut excitement
Inflation in the Eurozone fell below the 2% target set by the European Central Bank as the reference level. The new scenario gives rise to the hope that interest rates can be reduced even further, although European Central Bank President Christine Lagarde was very cautious on this issue in the European Parliament yesterday. Eurostat data […]
European banks’ (and Unicredit’s) record: 100 billion profit in 2023
Given high interest rates and a credit crunch, 2023 has been a tough year for those with or trying to get a variable mortgage. But on the other side of the fence are those who can crack open the champagne bottles and obtain dream dividends and bonuses for shareholders and employees: Europe’s leading banks have […]
“Inflation is falling”: but the ECB is not cutting interest rates
The signs are not negative, but the ECB continues to hold the handbrake on the cost of money. The European Central Bank decided to leave interest rates unchanged at 4.50 percent. European economic authorities themselves claim the goodness of the choices made so far: “In addition to the upward base effect on general energy-related inflation, […]
The ECB faces its first meeting of 2024, during which it will cut interest rates
Currently the eurozone is going through a moment of economic weakness, after the crisis Gross Domestic Product (GDP) fell by 0.1% in the third quarter, while the inflation has been restored, just like the ECB. The eurozone ended 2023 with inflation of 2.9%, up five-tenths between November and December, although the underlying – which excludes […]
Messina (Intesa Sanpaolo): Interest rates fall in the second half of 2024
Inflation and interest rates. Public accounts and debts. Growth prospects and inequalities. The next 12 months for the bank that has been in power for 10 years. The opportunity to kick off the World Economic Forum (Wef) in Davos, Switzerland was seized by Carlo Messina, CEO of Intesa Sanpaolo, to express his expectations and judgments […]
Messina (Intesa Sanpaolo): Interest rates fall in the second half of 2024
Inflation and interest rates. Public accounts and debts. Growth prospects and inequalities. The next 12 months for the bank that has been in power for 10 years. The opportunity to kick off the World Economic Forum (Wef) in Davos, Switzerland was seized by Carlo Messina, CEO of Intesa Sanpaolo, to express his expectations and judgments […]
“It’s good news”: Petro on interest rate cut
According to the monetary authority, this trend was promoted “by the good behavior of the food priceswhose annual inflation rate was 8.25%, more than two percentage points lower than that of October”, although the regulated prices sector “continued to put upward pressure on inflation due to increases in fuel and energy prices. For this reason, […]
Shocking mortgage rates: and now families can’t pay
An endless increase. According to the data announced by the Bank of Italy today, Tuesday, December 12, the interest rates (Global Effective Annual Interest Rate, APR) on loans extended to families to purchase houses during the month, including additional expenses, were 4.72 percent in October. It was at 4.65% in September. A sad record that […]