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Housing costs, food prices set limits to impact of tax cuts
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Moody's keeps rating unchanged at 'Baa3' - outlook stable
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Underspend and taxes push primary balance up to Aug 3.77 bln above target
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DBRS leaves credit rating of 'BBB' and stable outlook unchanged
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Credit to corporations contracts in July, bringing total loans down 1.27 bln MoM
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Greece digests EU-US trade deal amid mixed reaction
Yields rise, but Greek debt still partly shielded from market headwinds
In a global environment of rising sovereign bond yields as key central banks fight inflation with aggressive policy tightening, Greece is facing challenges not because it is a special case, but because the landscape appears to have shifted for the medium-term.
Following another significant rate rise of 75 basis points by the Fed yesterday, the yield curve of the US has inverted, with the short-term maturities exceeding 4 pct. The 2-year treasury is at 4.11 pct on September 22, while the 1-year treasury is at ...
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