Premature ECB Rate-Hike Bets Are Unwarranted: Stournaras

The transcript discusses the expectations and conditions for monetary policy changes by the ECB, contrasting it with the Fed and Bank of England. It highlights the ECB's asset purchase program, particularly regarding Greek debt, and the progress in the Greek economy, including growth rates and banking improvements.

What is the main reason the ECB is in a different phase of monetary policy compared to the Federal Reserve and the Bank of England?

• The ECB has already started raising interest rates

• Similar inflation forecasts across all regions

• Lower inflation forecasts in the eurozone

• Higher inflation forecasts in the eurozone

What is the ECB's stance on including Greek debt in its asset purchase program?

• The ECB has already included Greek debt

• The ECB expects to include Greek debt after the pandemic program ends

• The ECB is undecided about including Greek debt

• The ECB is against including Greek debt

What is the ECB's Governing Council's main concern regarding monetary policy transmission?

• Increasing interest rates too quickly

• Preventing fragmentation of monetary policy transmission

• Reducing asset purchases

• Excluding certain countries from programs

What is the expected growth rate for the Greek economy this year?

• 3%

• 5%

• 7%

• 10%

Which of the following improvements has the Greek banking system achieved?

• Increased nonperforming loans

• Decreased nonperforming loans

• Stopped capital markets

• Reduced financial market activity