We revisit the debate on the effectiveness of central bank communication on exchange rates, contrasting a skeptical view, which holds that communication neither moves exchange rates nor influences them in the desired direction, with an optimistic view that it does.
Transitioning to a sustainable economy and reducing air pollution hinge on appropriate economic incentives and financing conditions. The auto loan market offers a prime setting, as lenders’ credit terms can either discourage or incentivize the purchase of high-pollution vehicles. Using loan-level data, we examine how captive and independent banks adjust lending conditions in response to information and regulatory shocks affecting diesel vehicles.
This box analyses how households adjust their saving behaviour in an environment of heightened geopolitical tensions and rising energy prices. Using an empirical model together with two general equilibrium frameworks, it evaluates how adverse shocks to energy prices and consumer uncertainty could affect the saving rate, and it examines the implications for GDP growth, inflation and the distribution of consumption across households.
National Bank of Greece (NBG) reported a profit after tax of 344 million euros in Q1, compared to a profit of 381 million euros in Q1 2025, a drop of almost 10 percent year-on-year (YoY).
Fitch reaffirmed on Friday Greece’s rating at ‘BBB’ with a stable outlook, citing stronger fiscal and macroeconomic fundamentals, resilient growth, and improved policy credibility, while noting that the country still faces structural vulnerabilities stemming from the debt crisis.
Plus, blissful ignorance at Milken, soaring US market concentration and the London Wine Fair
With the election clock now ticking audibly in Athens, the political atmosphere has shifted into a more charged phase: the government is grappling with a restless electorate and internal unease and, while the opposition senses an opening.
Central bank’s outgoing vice-president Luis de Guindos says Berlin’s intervention goes ‘against spirit of single market’
Central bank appears to be shifting its focus more to wholesale markets
Affordable rents, children playing, 20 saunas and 14 swimming pools — no wonder there’s a five-year waiting list
