archiveFINS08

Risk of inconclusive Oct. 15 election loomsLarge rate cut ahead of ballot raises inflation risksEconomy strong, but medium-term fiscal pressures risingWARSAW, Sept 25 (Reuters) - Less than three weeks ahead of Poland's hotly contested general election, Warsaw pensioner Jadwiga Buczek is feeling better about a cost of living crisis which, for the past two years, has hit central Europeans harder than most."Let me tell you, there was a time when I couldn't even afford to buy salmon, for example. And now I'll go and buy myself a piece of salmon...

Werner Hoyer, President of the European Investment Bank, attends the Ukraine Recovery Conference in London, Britain June 21, 2023. REUTERS/Hannah McKay/Pool/File Photo Acquire Licensing RightsNEW YORK, Sept 21 (Reuters) - The head of the European Investment Bank (EIB) has warned his soon-to-be-announced successor that bowing to pressure from some EU capitals to fund weapons for Ukraine would put the bank on the "wrong track". Werner Hoyer will step down from the EU's powerful lending arm at the end of December after 12 years turning the EIB into one of the...

Hungarian Central Bank Governor Gyorgy Matolcsy speaks during a business conference in Budapest, Hungary, June 9, 2021. REUTERS/Bernadett Szabo/File Photo Acquire Licensing RightsEGER, Hungary, Sept 21 (Reuters) - Hungary's central bank signalled caution on further rate cuts on Thursday while the government flagged a higher deficit and a new tax on banks to offset a drop in tax revenue as the highest inflation in the European Union hobbles the economy.The suggestion of a new tax on Hungary's banks, about half of which are foreign-owned, sent shares in central Europe's largest...

Sterling, Swiss franc hurt after cbank decisionsWeaker growth, rate cut prospects hurt European FXVolatility expected to pick upLONDON, Sept 21(Reuters) - There's no respite for struggling European currencies as a likely pause in central bank interest-rate rises and a weakening economic outlook puts the focus on prospective rate cuts ahead.Sterling slid to a more than six-month low against the dollar on Thursday, even after the Bank of England held rates at a 15-year high and pledged to raise borrowing costs again if it cannot tame inflation.The Swiss franc , one...