“This government wants to reform, so I’m sure that after the government’s statements in parliament, investment grade will be a matter of weeks, if not days,” he said.
“Pretty optimistic” that Greece will regain investment grade status in a few weeks if not days, is the governor of the Bank of Greece Giannis Stournaras as he stated in an interview with Bloomberg.
“We had elections a few days ago, there is a stable government now with a strong parliamentary majority,” said Yiannis Stournaras on Wednesday in an interview with Bloomberg TV and added: “This government wants to reform, so I’m sure that after the government’s statements in parliament, investment grade will be a matter of weeks, if not days.”
Regarding the European Central Bank, Mr. Stournaras noted that it is too early to determine whether it should raise interest rates after the summer.
“If the basic scenario develops as we believe, then yes, we may have to make an increase in July,” said Stournaras. “But September is a long way off. We can’t say” he added.
Earlier on Wednesday, ECB Vice President Luis de Guidos left open the possibility of further monetary policy tightening next September.
Mr. Stournaras also noted that interest rates will be kept at the required level to drive inflation lower.
He noted that it is still too early to say whether July will be the last increase or how long interest rates will be kept at the maximum level.
Source: Skai
I am Janice Wiggins, and I am an author at News Bulletin 247, and I mostly cover economy news. I have a lot of experience in this field, and I know how to get the information that people need. I am a very reliable source, and I always make sure that my readers can trust me.
