Tag: interest rates

European banks’ (and Unicredit’s) record: 100 billion profit in 2023

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

“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

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

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

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

“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

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 […]

How do rising interest rates help oil companies?

How do rising interest rates help oil companies?

COP28 isn’t just hosted by an oilman who denies climate science. The interest rate increases taken by central banks around the world to cope with rapidly rising inflation will also push the Paris targets even further. This is because the rapid increase in the cost of money is making green investments more difficult around the […]

The last decision of the Monetary Policy Council this year. We know what the interest rate is

The last decision of the Monetary Policy Council this year. We know what the interest rate is

The Monetary Policy Council decided to leave interest rates unchanged. The key NBP rate (reference rate) is still 5.75%. A Monetary Policy Council meeting took place on December 5 and 6, 2023, during which the Monetary Policy Council set NBP interest rates at the following levels: reference interest rate 5.75 percent on an annual basis; […]

What about interest rates? Analysts draw a scenario

What about interest rates? Analysts draw a scenario

The Monetary Policy Council will leave interest rates unchanged at today’s meeting, PKO Bank Polski analysts say According to them, the discussion about monetary easing could return in March when inflation and GDP projections are released and when the shape of fiscal policy is known. “The focus of attention today will be on the outcome […]

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