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Top related persons:
Constantinos Herodotou - 2 Herodotou - 1 Michele Kambas - 1 Alison Williams - 1 Christina Fincher - 1
Top related locs:
Cyprus LIMASSOL Cyprus's Limassol
Top related orgs:
Energy - 1 ECB - 1 Thomson - 1

Search resuls for: "Herodotou"


7 mentions found


☆ Energy prices are a major risk, Cyprus central bank governor says
  + stars: | 2023-10-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEnergy prices are a major risk, Cyprus central bank governor saysConstantinos Herodotou, governor of the central bank of Cyprus, discusses the economic outlook for the euro zone and the prospect of a recession.
Persons: Constantinos Herodotou Organizations: Energy Locations: Cyprus
☆ ECB policies are taming inflation, but uncertainty persists-Herodotou
  + stars: | 2023-10-06 | by ( ) www.reuters.com   time to read: +1 min
LIMASSOL, Cyprus, Oct 6 (Reuters) - The ECB's monetary policy transmission is working to tame inflation, though material uncertainty persists in the euro area, ECB policymaker Constantinos Herodotou said on Friday. "The recent increase in energy prices could transmit again to the rest of the economy and have an upward pressure on prices," Herodotou, who is also governor of Cyprus's central bank, told a conference in the city of Limassol. "The liquidity conditions in the euro area banking system is another area to monitor, since it plays a role for transmitting monetary policy and, consequently, affects inflation," he said. The ECB has raised its deposit rate to a record high 4% but has signalled a pause for the months ahead on tentative signs inflation is coming under control. Headline inflation in the 20 countries using the euro eased to 4.3% in September, the lowest pace since October 2021, from 5.2% a month earlier.
Persons: Constantinos Herodotou, Herodotou, Michele Kambas, Alison Williams, Christina Fincher Organizations: ECB, Thomson Locations: LIMASSOL, Cyprus, Cyprus's, Limassol
☆ Signs that bank lending is decreasing amid rate hikes, ECB policymaker says
  + stars: | 2023-04-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSigns that bank lending is decreasing amid rate hikes, ECB policymaker saysConstantinos Herodotou, governor of the Central Bank of Cyprus and European Central Bank policymaker, says there is evidence that bank lending is softening as a result of ongoing interest rate hikes. However, he adds that the terminal rate for ECB hikes remains data dependent.
☆ Morning Bid: Hat-trick
  + stars: | 2022-12-07 | by ( ) www.reuters.com   time to read: +3 min
For the euro zone, commentary by officials is hinting at a peak in rates but anaemic growth and stubbornly high inflation are haunting investors. ECB policymaker Constantinos Herodotou said on Tuesday that interest rates will go up again but are now "very near" their neutral level. Markets will focus on industrial output data due from Germany, while euro zone third-quarter GDP and employment numbers, and UK house prices are among the other economic indicators for the day. Euro zone government bond yields dropped for the first time in three days on Tuesday in the run-up to a raft of major central bank decisions next week. The central bank has made conservative estimates on inflation despite Russia cutting gas supplies to Europe in response to Western sanctions over its invasion of Ukraine.
☆ Dollar kept aloft by higher Fed rates bets, RBA rate hike lifts Aussie
  + stars: | 2022-12-06 | by ( Joice Alves | ) www.reuters.com   time to read: +2 min
The Australian dollar perked up from near one-week lows after the Reserve Bank of Australia (RBA) raised rates for the eighth time in as many months. After recording its biggest rally in two weeks on Monday, the U.S. dollar index , which measures the currency against six major peers, was 0.1% lower at 105.05 at 1200 GMT. It later reversed course after data showing U.S. services industry activity unexpectedly picked up in November, with employment rebounding. Traders currently expect a half-point hike to a 4.25-4.5% policy band and a terminal rate of just above 5% in May. European Central Bank policymaker Constantinos Herodotou said on Tuesday interest rates will go up again but are now "very near" their neutral level.
☆ ECB to hike again but "very close" to neutral rates - Herodotou
  + stars: | 2022-12-06 | by ( Marc Jones | ) www.reuters.com   time to read: +1 min
LONDON, Dec 6 (Reuters) - European Central Bank interest rates will go up again but are now "very near" their neutral level, ECB policymaker Constantinos Herodotou said on Tuesday. "We are very near the neutral rate. There will be I think another hike or hikes," Herodotou, Cyprus' ECB Governing Council member, told a Bloomberg event. Having raised rates by a combined 200 basis points since July, the ECB is expected to hike by another 50 basis points on Dec 15, slowing the pace of policy tightening after back-to-back 75 point moves. "There will be more rate hikes to contain inflation," Herodotou said.
☆ Dollar little changed after previous day's jump; investors look to Fed next week
  + stars: | 2022-12-06 | by ( ) www.cnbc.com   time to read: +2 min
Data Monday showing that U.S. services industry activity unexpectedly picked up in November prompted speculation the Fed may lift interest rates more than recently projected. "There was a lot of price action yesterday, and we're just consolidating that," with the big focus on next week's Fed meeting. The euro was flat against the dollar at $1.0492, while the dollar was down 0.1% against the Japanese yen. European Central Bank policymaker Constantinos Herodotou said on Tuesday interest rates will go up again but are now "very near" their neutral level. The dollar was up 0.6% against the Canadian dollar ahead of the Bank of Canada's rate decision Wednesday.
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