Riksbank’s policy dilemma

By Mike Peacock
April 29, 2015

Riksbank Governor Stefan Ingves attends a forum organized by Mexico's Central Bank in Mexico City

Sweden’s central bank delivers its latest policy decision with many analysts expecting a further interest rate cut and an expansion of its new bond-buying programme, reflecting its fear of deflation despite solid economic growth.

Looking for Greek hints from ECB

By Mike Peacock
April 15, 2015

European Central Bank President Draghi and Vice President Constancio leave after addressing an ECB news conferenc in FrankfurtIt’s European Central Bank day and with quantitative easing now well underway any morsels it hands out on its approach to Greece are likely to capture the headlines.

Greek rumour mill in overdrive

By Mike Peacock
April 14, 2015

German Chancellor Merkel and Greek Prime Minister Tsipras leave after addressing news conference in Berlin

Greece returns from its Easter break with only a few days to improve on a package of reforms that the euro zone is insisting on in return for fresh bailout money.

Currency concerns everywhere

By Mike Peacock
March 24, 2015

A bureau de change operator counts U.S. currency notes in Abuja

Currency concerns in the central banking world have come to the fore again.

Sweden cut interest rates further into negative territory out of the blue last week, fearing its strong currency will engender deflation. The Swiss National Bank said it would aim to weaken what it sees as a “significantly overvalued” franc. And the Bank of England flagged the risk that sterling could strengthen further and leave inflation below target for longer.

Tsipras’ High Noon

By Mike Peacock
March 19, 2015


EU leaders gather for a two-day summit with Greece and Ukraine eclipsing the official economic and energy policy agenda.

Talking Turkey

By Mike Peacock
March 11, 2015

Turkey's President Tayyip Erdogan arrives for a welcoming ceremony at the Presidential Palace in Ankara

Turkish Central Bank Governor Erdem Basci will brief President Tayyip Erdogan today about sharp falls in the lira of about 12 percent versus the dollar this year which have not been helped by Erdogan’s criticism of monetary policy.

Turkish interest rate standoff

By Mike Peacock
March 3, 2015

Turkey's President Tayyip Erdogan gestures during a conference at the Foreign Affairs building  in Mexico City

Turkey’s central bank releases minutes of its last meeting at which it cut interest rates by a quarter point.

Long night of talks in Brussels and Minsk

By Mike Peacock
February 12, 2015

Eurogroup President Dijsselbloem greets Greek Finance Minister Varoufakis during an extraordinary euro zone Finance Ministers meeting in Brussels

A long night of talks in Brussels and Minsk.

Despite going into the early hours of the morning, euro zone finance ministers failed to reach agreement on a way forward with their Greek counterpart and will try again on Monday.

Ripples from ECB even before it acts

By Mike Peacock
January 20, 2015


The prospect of dramatic European Central Bank action – coupled with the deflationary threat posed by a plunge in the price of oil and the pain it inflicts on oil producing countries – is putting the financial system under growing stress.

Day of reckoning for Greece

By Mike Peacock
December 29, 2014

Greece's PM Samaras addresses the audience during the Economist Conference on "The big rethink for Europe, the big turning point for Greece" in Athens

Greek Prime Minister Antonis Samaras faces a final parliamentary vote on his presidential candidate. Lose and he will have to call snap elections early next year which polls suggest anti-bailout Syriza would win. A result is expected around 1100 GMT.