natgillin/translations-raw huggingface dataset:
ÐñÜîç áíôáëëáãÞò íïìéóìÜôùí ( foreign exchange swap ) : ðñÜîç ðïõ ðåñéëáìâÜíåé äýï ë ôáõôü ÷ ñïíåò , ìßá Üìåóç ( spot ) êáé ìßá ðñïèåóìéáêÞ ( forward ) , áíôáëëáãÝò åíüò íïìßóìáôïò Ýíáíôé Üëëïõ .
Reference period : time intervals specified in Article 104c ( 2a ) of the Treaty and in Protocol No. 6 on the convergence criteria for examining progress towards convergence .
ÐñÜîç áíïéêôÞò áãïñÜò : ðñÜîç ðïõ äéåíåñãåßôáé ìå ðñùôïâïõëßá ôçò êåíôñéêÞò ôñÜðåæáò óôéò ÷ ñçìáôïðéóôùôéêÝò áãïñÝò êáé óõíßóôáôáé óå ìßá áðü ôéò åîÞò óõíáëëáãÝò : ( 1 ) áðåõèåßáò áãïñÜ Þ ðþëçóç ðåñéïõóéáêþí óôïé ÷ åßùí ( Üìåóç Þ ðñïèåóìéáêÞ óõíáëëáãÞ ) , ( 2 ) áãïñÜ Þ ðþëçóç ðåñéïõóéáêþí óôïé ÷ åßùí ìå óõìöùíßá åðáíáãïñÜò , ( 3 ) ðáñï ÷ Þ Þ ëÞøç äáíåßïõ ìå âÜóç ïñéóìÝíá ðåñéïõóéáêÜ óôïé ÷ åßá ôá ïðïßá ðñïóöÝñïíôáé ùò áóöÜëåéá , ( 4 ) Ýêäïóç ÷ ñåïãñÜöùí êåíôñéêÞò ôñÜðåæáò , ( 5 ) áðïäï ÷ Þ êáôáèÝóåùí êáé ( 6 ) ðñÜîåéò áíôáëëáãÞò åã ÷ þñéïõ íïìßóìáôïò Ýíáíôé îÝíùí íïìéóìÜôùí . ÐñÜîç åîïìÜëõíóçò âñá ÷ õ ÷ ñüíéùí äéáêõìÜíóåùí ôçò ñåõóôüôçôáò ( fine-tuning ) : ðñÜîç ë áíïéêôÞò áãïñÜò ðïõ äéåíåñãåßôáé åêôÜêôùò áðü ôçí êåíôñéêÞ ôñÜðåæá ìå óêïðü êõñßùò ôçí áíôéìåôþðéóç áðñïóäüêçôùí äéáêõìÜíóåùí ôçò ñåõóôüôçôáò óôçí áãïñÜ .
Reference value for the fiscal position : Protocol No. 5 of the Treaty on the excessive deficit procedure sets explicit reference values for the deficit ratio ( 3 % of GDP ) and the debt ratio ( 60 % of GDP ) , whereas Protocol No. 6 on the convergence criteria specifies the methodology for the computation of the reference values relevant for the examination of price and long-term interest rate convergence . Remote access ( to an IFTS ) : the facility for a credit institution established in one country (" home country ") to become a direct participant in an interbank funds transfer system ( IFTS ) established in another country (" host country ") and , for that purpose , to have a settlement account in its own name with the central bank in the host country , if necessary , without having established a branch in the host country .
ÐñÜîç åðáíáãïñÜò ( repo ) : áíôéóôñåðôÝá óõíáëëáãÞ ðáñï ÷ Þò ñåõóôüôçôáò ìå âÜóç óõìöùíßá åðáíáãïñÜò . ÐñÜîç êýñéáò áíá ÷ ñçìáôïäüôçóçò : ôáêôéêÞ ðñÜîç áíïéêôÞò áãïñÜò ðïõ äéåíåñãåßôáé áðü ôï Åõñùóýóôçìá ìå ôç ìïñöÞ áíôéóôñåðôÝáò óõíáëëáãÞò .
Repurchase operation ( repo ) : a liquidity-providing reverse transaction based on a repurchase agreement .
Ôá ðñïãñÜììáôá áõôÜ åîåôÜæïíôáé áðü ôçí ÅõñùðáúêÞ ÅðéôñïðÞ êáé ôçí ÏéêïíïìéêÞ êáé × ñçìáôïðéóôùôéêÞ ÅðéôñïðÞ . Ïé åêèÝóåéò ôùí åðéôñïðþí áõôþí áðïôåëïýí âÜóç ãéá áîéïëüãçóç åê ìÝñïõò ôïõ Óõìâïõëßïõ ECOFIN , ìå éäéáßôåñç Ýìöáóç óôï êáôÜ ðüóïí ï ìåóïðñüèåóìïò
Reserve base : the sum of the balance sheet items ( in particular liabilities ) which constitute the basis for calculating the reserve requirement of a credit institution .
ÅôÞóéá ¸ êèåóç ÅÊÔ -* 1998 äçìïóéïíïìéêüò óôü ÷ ïò ðïõ áíáöÝñåôáé óôï ðñüãñáììá ðáñÝ ÷ åé åðáñêÝò ðåñéèþñéï áóöáëåßáò ãéá íá äéáóöáëßæåôáé ç áðïöõãÞ õðåñâïëéêïý åëëåßììáôïò .
ECB Annual Report -* 1998
Âë . êáé Óýóôçìá TARGET .
See also TARGET system .
¼ ôáí óõíÝñ ÷ åôáé óå åðßðåäï Õðïõñãþí Ïéêïíïìéêþí êáé ÅèíéêÞò Ïéêïíïìßáò , ôï Óõìâïýëéï ôçò ÅÅ óõ ÷ íÜ áíáöÝñåôáé ùò Óõìâïýëéï ECOFIN . ÅðéðëÝïí , ôï Óõìâïýëéï ôçò ÅÅ ìðïñåß íá óõíÝñ ÷ åôáé óå åðßðåäï Áñ ÷ çãþí Êñáôþí Þ ÊõâåñíÞóåùí .
More specifically , budgetary positions close to balance or in surplus are mentioned as the medium-term objective for Member States , which would allow them to deal with normal cyclical fluctuations while keeping the government deficit below the reference value of 3 % of GDP .
Óýìöùíï Óôáèåñüôçôáò êáé ÁíÜðôõîçò : áðïôåëåßôáé áðü äýï Êáíïíéóìïýò ôïõ Óõìâïõëßïõ ôçò ÅÅ ãéá ôçí  åíßó ÷ õóç ôçò åðßâëåøçò ôùí äçìüóéùí ïéêïíïìéêþí êáé ôçí åðßâëåøç êáé ôï óõíôïíéóìü ôùí ïéêïíïìéêþí ðïëéôéêþí  êáé ãéá ôçí  åðßóðåõóç êáé áðïóáöÞíéóç ôçò åöáñìïãÞò ôçò äéáäéêáóßáò ôïõ õðåñâïëéêïý åëëåßììáôïò  êáé áðü ôï ØÞöéóìá ôïõ Åõñùðáúêïý Óõìâïõëßïõ ë ë ó ÷ åôéêÜ ìå ôï Óýìöùíï Óôáèåñüôçôáò êáé ÁíÜðôõîçò ðïõ õéïèåôÞèçêå óôç Óýíïäï ÊïñõöÞò ôïõ ¢ ìóôåñíôáì óôéò 17 Éïõíßïõ 1997 .
All counterparties fulfilling the general eligibility criteria are entitled to submit bids in standard tenders . Standing facility : a central bank facility available to counterparties on their own initiative .
Åéäéêüôåñá , ç åðßôåõîç ó ÷ åäüí éóïóêåëéóìÝíïõ Þ ðëåïíáóìáôéêïý ðñïûðïëïãéóìïý áíáöÝñåôáé ùò ìåóïðñüèåóìïò óôü ÷ ïò , þóôå ôá êñÜôç-ìÝëç íá áíôéìåôùðßæïõí óõíÞèåéò êõêëéêÝò äéáêõìÜíóåéò , åíþ ðáñÜëëçëá èá äéáôçñïýí ôï äçìüóéï Ýëëåéììá óå åðßðåäï ÷ áìçëüôåñï áðü ôçí ôéìÞ áíáöïñÜò ( 3 % ôïõ ÁÅÐ ) .
161 TARGET ( Trans-European Automated Real-time Gross settlement Express Transfer ) system : a payment system consisting of one RTGS system in each of the Member States participating in the euro area .
Ç ÓõíèÞêç õðïãñÜöçêå óôç Ñþìç óôéò 25 Ìáñôßïõ 1957 êáé ôÝèçêå óå éó ÷ ý ôçí 1ç Éáíïõáñßïõ 1958 .
The Treaty was signed in Rome on 25 March 1957 and entered into force on 1 January 1958 .
Ç ÓõíèÞêç ãéá ôçí ÅõñùðáúêÞ ´ Åíùóç õðïãñÜöçêå óôï ÌÜáóôñé ÷ ô ( ãé  áõôü óõ ÷ íÜ áíáöÝñåôáé ùò  ÓõíèÞêç ôïõ ÌÜáóôñé ÷ ô ) óôéò 7 Öåâñïõáñßïõ 1992 êáé ôÝèçêå óå éó ÷ ý ôçí 1ç Íïåìâñßïõ 1993 .
The Treaty on European Union was signed in Maastricht ( therefore often referred to as the « Maastricht Treaty ") on 7 February 1992 and entered into force on 1 November 1993 .
Ç ÓõíèÞêç ãéá ôçí ÅõñùðáúêÞ ´ Åíùóç ôñïðïðïéÞèçêå ìå ôç  ÓõíèÞêç ôïõ ´ Áìóôåñíôáì , ç ïðïßá õðïãñÜöçêå óôï ´ Áìóôåñíôáì óôéò 2 Ïêôùâñßïõ 1997 êáé êáôüðéí êõñþèçêå .
The Treaty on European Union has been amended by the « Amsterdam Treaty » , which was signed in Amsterdam on 2 October 1997 and later ratified .
Óýóôçìá TARGET ( Äéåõñùðáúêü ÁõôïìáôïðïéçìÝíï Óýóôçìá Ôá ÷ åßáò ÌåôáöïñÜò Êåöáëáßùí óå Óõíå ÷ Þ × ñüíï ) : óýóôçìá ðëçñùìþí ðïõ áðïôåëåßôáé áðü ôá áíôßóôïé ÷ á ÓÄÓ × ôùí êñáôþí-ìåëþí ðïõ óõììåôÝ ÷ ïõí óôç æþíç ôïõ åõñþ .
19 January The Banco de Portugal reduces its repo rate by 20 basis points to 5.1% , its liquidity absorption rate and its overnight credit facility rate by 10 basis points to 4.8% and 6.8% respectively .
Ìå ôï óýóôçìá TARGET ìðïñïýí íá óõíäåèïýí êáé ôá ÓÄÓ × ôùí êñáôþí-ìåëþí ðïõ äåí óõììåôÝ ÷ ïõí óôç æþíç ôïõ åõñþ , õðü ôïí üñï üôé ôá åí ëüãù óõóôÞìáôá èá åßíáé óå èÝóç íá åðåîåñãÜæïíôáé ðëçñùìÝò óå åõñþ . 178
The Banco de Portugal reduces its repo rate , its liquidity absorption rate and its overnight credit facility rate by 20 basis points to 4.7% , 4.4% and 6.4% respectively .
ÅôÞóéá ¸ êèåóç ÅÊÔ -* 1998 Óýóôçìá ôáõôü ÷ ñïíçò ðáñÜäïóçò êáé ðëçñùìÞò ( DvP ) : ìç ÷ áíéóìüò óôï ðëáßóéï óõóôÞìáôïò ë äéáêáíïíéóìïý ÷ ñåïãñÜöùí ï ïðïßïò åîáóöáëßæåé üôé ç ïñéóôéêÞ ìåôáâßâáóç åíüò ðåñéïõóéáêïý óôïé ÷ åßïõ åðÝñ ÷ åôáé åÜí , êáé ìüíïí åÜí , ãßíåé ç ïñéóôéêÞ ìåôáâßâáóç åíüò Þ ðåñéóóüôåñùí ðåñéïõóéáêþí óôïé ÷ åßùí .
26 February The Banco de Portugal reduces its repo rate , its liquidity absorption rate and its overnight credit facility rate by 20 basis points to 4.9% , 4.6% and 6.6% respectively .
ÔÅÅ ( áðü ôï ÄåêÝìâñéï 1997 ÔñáðåæéêÞ ´ Åíùóç ãéá ôï åõñþ , ðñþçí ÔñáðåæéêÞ ¸ íùóç ãéá ôï ECU ) : äéáôñáðåæéêüò ïñãáíéóìüò , óêïðüò ôïõ ïðïßïõ åßíáé íá áðïôåëåß âÞìá äéáëüãïõ ãéá ôç äéåñåýíçóç êáé óõæÞôçóç üëùí ôùí èåìÜôùí ðïõ åíäéáöÝñïõí ôá ìÝëç ôïõ êáé åéäéêüôåñá ãéá èÝìáôá ðïõ áöïñïýí ôç ÷ ñÞóç ôïõ åõñþ êáé ôï äéáêáíïíéóìü óõíáëëáãþí óå åõñþ . Óôï ðëáßóéï ôçò ÔÅÅ , Ý ÷ åé éäñõèåß åôáéñßá óõìøçöéóìïý ( ABE Clearing , Société par Actions Simplifiée à capital variable ) ìå óêïðü ôç äéá ÷ åßñéóç ôïõ ÓõóôÞìáôïò Óõìøçöéóìïý óå Åõñþ áðü 1çò Éáíïõáñßïõ 1999 .
30 March 14 March The ministers and central bank governors of the Member States of the European Union , following a decision by the Irish authorities to adjust the central rate of the Irish pound , decide by mutual agreement , in a common procedure involving the European Commission and the European Monetary Institute ( EMI ) , and after consultation of the Monetary Committee , to fix new central rates in the exchange rate mechanism of the European Monetary System ( EMS ) as from 16 March 1998 . The previous bilateral central rates of the Irish pound against other currencies of the exchange rate mechanism are revalued by 3 %, bringing them close to market rates .
Ôï Óýóôçìá Óõìøçöéóìïý óå Åõñþ ( Åõñþ 1 ) äéáäÝ ÷ èçêå ôï Óýóôçìá Óõìøçöéóìïý êáé Äéáêáíïíéóìïý óå ECU . ÔéìÞ áíáöïñÜò ãéá ôç äçìïóéïíïìéêÞ êáôÜóôáóç : Ôï Ðñùôüêïëëï áñéè .
The Bank of Greece lowers its lombard rate by 400 basis points to 19.0% and its overdraft rate by 200 basis points to 22.0% .
5 ôçò ÓõíèÞêçò ó ÷ åôéêÜ ìå ôç äéáäéêáóßá ôïõ õðåñâïëéêïý åëëåßììáôïò êáèïñßæåé ñçôÝò ôéìÝò áíáöïñÜò ãéá ôï ëüãï ôïõ ë åëëåßììáôïò ( 3 % ôïõ ÁÅÐ ) êáé ôï ëüãï ôïõ ÷ ñÝïõò ( 60 % ôïõ ÁÅÐ ) , åíþ ôï Ðñùôüêïëëï áñéè . 6 ë ó ÷ åôéêÜ ìå ôá êñéôÞñéá óýãêëéóçò êáèïñßæåé ôç ìåèïäïëïãßá õðïëïãéóìïý ôùí ôéìþí áíáöïñÜò ðïõ ë ÷ ñçóéìïðïéïýíôáé ãéá ôçí åîÝôáóç ôçò óýãêëéóçò ôùí ôéìþí êáé ôùí ìáêñïðñüèåóìùí åðéôïêßùí .
22 April The Banca d' Italia reduces its discount and fixed term advances ( or lombard ) rates by 50 basis points to 5.0% and 6.5% respectively . 3 May The Council of the European Union ( EU Council ) , meeting in the composition of the Heads of State or Government , unanimously decides that 11 Member States , namely Belgium , Germany , Spain , France , Ireland , Italy , Luxembourg , the Netherlands , Austria ,
Ïé ðëçñùìÝò ìÝóù áíôáðïêñéôþí óõ ÷ íÜ äéåíåñãïýíôáé ìÝóù áëëçëü ÷ ñåùí ëïãáñéáóìþí ( ëïãáñéáóìþí  nostro  êáé  loro ) , óôïõò ïðïßïõò ìðïñåß íá ôåèïýí ðÜãéá ðéóôùôéêÜ üñéá .
Portugal and Finland fulfil the necessary conditions for the adoption of the single currency on 1 January 1999 and will therefore participate in the euro area as from the start of Stage Three of Economic and Monetary Union ( EMU ) .
Ïé ôñáðåæéêÝò åñãáóßåò ìÝóù áíôáðïêñéôþí ðáñÝ ÷ ïíôáé êõñßùò óå äéáóõíïñéáêü åðßðåäï , ìðïñïýí üìùò íá ðáñÝ ÷ ïíôáé êáé óå åèíéêü åðßðåäï , ïðüôå åßíáé ãíùóôÝò êáé ùò ó ÷ Ýóåéò ðñáêôüñåõóçò .  Ëïãáñéáóìüò  loro  åßíáé ï üñïò ðïõ ÷ ñçóéìïðïéåß ç áíôáðïêñßôñéá ôñÜðåæá ãéá íá ðåñéãñÜøåé ôï ëïãáñéáóìü ðïõ ôçñåß åð  ïíüìáôé ìéáò îÝíçò ôñÜðåæáò .
With a view to guiding the markets in the run-up to Stage Three , the ministers and central bank governors of the Member States of the European Union , the European Commission and the EMI announce the procedure for determining the irrevocable conversion rates for the euro .
åöÜðáî Ýêðôùóç ) . ÅôÞóéá ¸ êèåóç ÅÊÔ -* 1998
The Banco de España cuts its 10-day repo rate by 25 basis points to 4.25% .
× ñïíïë üãéï ìÝôñùí íïìéóìáôéêÞò ðïë éôéêÞò ðïõ åëÞöèçóáí óôçí ÅÅ ë ë ôï 1998 9 Éáíïõáñßïõ Ç ÔñÜðåæá ôçò ÅëëÜäïò áõîÜíåé ôï åðéôüêéï ÷ ñçìáôïäüôçóçò ôùí ðéóôùôéêþí éäñõìÜôùí ìå åíÝ ÷ õñï ôßôëïõò ôïõ Äçìïóßïõ ( lombard ) êáôÜ 4 åêáôïóôéáßåò ìïíÜäåò óå 23,0% .
7 July The Governing Council of the ECB adopts a Recommendation for a Council Regulation ( EC ) concerning the application of minimum reserves by the European Central Bank in Stage Three of Economic and Monetary Union .
ÅðéôñïðÞò , íá êáèïñßóïõí íÝåò êåíôñéêÝò éóïôéìßåò óôï Ìç ÷ áíéóìü Óõíáëëáãìáôéêþí Éóïôéìéþí ôïõ Åõñùðáúêïý Íïìéóìáôéêïý ÓõóôÞìáôïò ( ÅÍÓ ) áðü ôéò 16 Ìáñôßïõ 1998 . Ïé ðñïçãïýìåíåò äéìåñåßò éóïôéìßåò ôçò ëßñáò Éñëáíäßáò Ýíáíôé Üëëùí íïìéóìÜôùí ôïõ Ìç ÷ áíéóìïý Óõíáëëáãìáôéêþí Éóïôéìéþí áíáðñïóáñìüæïíôáé êáôÜ 3 %, ðëçóéÜæïíôáò ôéò éóïôéìßåò ôçò áãïñÜò .
The main provisions of the recommended Council Regulation define the basis for the minimum amount of reserves which the ECB may require credit institutions to hold on their accounts with the national central banks ( NCBs ) . In addition , they provide the ECB with specific regulatory powers and specify the sanctions to be imposed in the event of non-compliance .
Ïé õðïõñãïß êáé ïé äéïéêçôÝò ôùí êåíôñéêþí ôñáðåæþí ôçò ÅõñùðáúêÞò ¸ íùóçò , ìåôÜ áðü áðüöáóç ôçò ÅëëçíéêÞò ÊõâÝñíçóçò íá åíôá ÷ èåß ç äñá ÷ ìÞ óôï Ìç ÷ áíéóìü Óõíáëëáãìáôéêþí Éóïôéìéþí ôïõ ÅÍÓ , áðïöáóßæïõí ìå áìïéâáßá óõìöùíßá óå êïéíÞ äéáäéêáóßá , óôçí ïðïßá óõììåôåß ÷ áí ç ÅõñùðáúêÞ ÅðéôñïðÞ êáé ôï Åõñùðáúêü Íïìéóìáôéêü ºäñõìá , êáé áöïý æçôÞèçêå ç ãíþìç ôçò ÍïìéóìáôéêÞò ÅðéôñïðÞò , ó ÷ åôéêÜ ìå ôïõò üñïõò ìå ôïõò ïðïßïõò ç äñá ÷ ìÞ èá óõììåôÝ ÷ åé áðü ôéò 16 Ìáñôßïõ 1998 .
This ECB Recommendation was published in the Official Journal of the European Communities No. C 246 of 6 August 1998 , page 6 ff . The Governing Council further agrees on some of the key features of the minimum reserve system to be applied as from the start of Stage Three : the minimum reserve holdings are defined to be within a range of 1.5 -- 2.5% of the relevant liability base ( after deducting a lump-sum allowance ) ;
19 Éáíïõáñßïõ Ç ÔñÜðåæá ôçò Ðïñôïãáëßáò ìåéþíåé ôï åðéôüêéï ôùí óõìöùíéþí åðáíáãïñÜò êáôÜ 0,2 ôçò åêáôïóôéáßáò ìïíÜäáò óå 5,1% , ôï åðéôüêéï áðïññüöçóçò ñåõóôüôçôáò êáé ôï åðéôüêéï ôçò ðéóôùôéêÞò äéåõêüëõíóçò ìßáò çìÝñáò êáôÜ 0,1 ôçò åêáôïóôéáßáò ìïíÜäáò óå 4,8% êáé 6,8% áíôéóôïß ÷ ùò .
liabilities 11 May The Banco de Portugal reduces its repo rate , its liquidity absorption rate and its overnight credit facility rate by 20 basis points to 4.5% , 4.2% and 6.2% respectively .
13 Öåâñïõáñßïõ Ç ÔñÜðåæá ôçò Éóðáíßáò ìåéþíåé ôï åðéôüêéï ôùí óõìöùíéþí åðáíáãïñÜò äéÜñêåéáò 10 çìåñþí êáôÜ 0,25 ôçò åêáôïóôéáßáò ìïíÜäáò óå 4,5% .
20 May The Bank of Greece lowers its fixed tender rate for 14-day deposits by 25 basis points to 14.0% .
18 Ìáñôßïõ Ç ÔñÜðåæá ôçò Ðïñôïãáëßáò ìåéþíåé ôï åðéôüêéï ôùí óõìöùíéþí åðáíáãïñÜò , ôï åðéôüêéï áðïññüöçóçò ñåõóôüôçôáò êáé ôï åðéôüêéï ôçò ðéóôùôéêÞò äéåõêüëõíóçò ìßáò çìÝñáò êáôÜ 0,2 ôçò åêáôïóôéáßáò ìïíÜäáò óå 4,7% , 4,4% êáé 6,4% áíôéóôïß ÷ ùò .
29 May Danmarks Nationalbank cuts its discount rate and its certificates of deposit rate by 25 basis points to 3.75% and 4.0% respectively . 164
26 Öåâñïõáñßïõ Ç ÔñÜðåæá ôçò Ðïñôïãáëßáò ìåéþíåé ôï åðéôüêéï ôùí óõìöùíéþí åðáíáãïñÜò , ôï åðéôüêéï áðïññüöçóçò ñåõóôüôçôáò êáé ôï åðéôüêéï ôçò ðéóôùôéêÞò äéåõêüëõíóçò ìßáò çìÝñáò êáôÜ 0,2 ôçò åêáôïóôéáßáò ìïíÜäáò óå 4,9% , 4,6% êáé 6,6% áíôéóôïß ÷ ùò . 19 Ìáñôßïõ Ç ÔñÜðåæá ôçò Öéëáíäßáò áõîÜíåé ôï åðéôüêéï äçìïðñáóßáò êáôÜ 0,15 ôçò åêáôïóôéáßáò ìïíÜäáò óå 3,4% .
vis-à-vis institutions established in the euro area and liabilities vis-à-vis the Eurosystem will not be subject to reserve requirements ; holdings of required reserves will be remunerated at the average , over the maintenance period , of the interest rate ( weighted according to the number of calendar days ) corresponding to that of the Eurosystem 's main refinancing operations .
14 Ìáñôßïõ Ïé õðïõñãïß êáé ïé äéïéêçôÝò ôùí êåíôñéêþí ôñáðåæþí ôçò ÅõñùðáúêÞò ¸ íùóçò , ìåôÜ áðü áðüöáóç ôùí éñëáíäéêþí áñ ÷ þí íá áíáðñïóáñìüóïõí ôçí êåíôñéêÞ éóïôéìßá ôçò ëßñáò Éñëáíäßáò , áðïöáóßæïõí ìå áìïéâáßá óõìöùíßá , óå êïéíÞ äéáäéêáóßá , óôçí ïðïßá óõììåôåß ÷ áí ç ÅõñùðáúêÞ ÅðéôñïðÞ êáé ôï Åõñùðáúêü Íïìéóìáôéêü ºäñõìá , êáé áöïý æçôÞèçêå ç ãíþìç ôçò ÍïìéóìáôéêÞò 30 Ìáñôßïõ Ç ÔñÜðåæá ôçò ÅëëÜäïò ìåéþíåé ôï åðéôüêéï ÷ ñçìáôïäüôçóçò ôùí ðéóôùôéêþí éäñõìÜôùí ìå åíÝ ÷ õñï ôßôëïõò ôïõ Äçìïóßïõ ( lombard ) êáôÜ 4 åêáôïóôéáßåò ìïíÜäåò óå 19,0% êáé ôï åðéôüêéï ôùí ÷ ñåùóôéêþí õðïëïßðùí óôïõò
1 September The ECB and the NCBs of the Member States outside the euro area ( Denmark , Greece , Sweden and the United Kingdom ) agree to lay down the operating procedures for an exchange rate mechanism in Stage Three of Economic and Monetary Union ( the ERM II Agreement ) . The ERM II Agreement specifies the procedure of intervention on the basis of the EU Council Resolution of 16 June 1997 setting up an exchange rate mechanism as from 1 January 1999 .
ÅôÞóéá ¸ êèåóç ÅÊÔ -* 1998 ôñå ÷ ïýìåíïõò ëïãáñéáóìïýò êáôáèÝóåùí ôùí ðéóôùôéêþí éäñõìÜôùí óôçí êåíôñéêÞ ôñÜðåæá êáôÜ 2 åêáôïóôéáßåò ìïíÜäåò óå 22,0% .
The ERM II Agreement was published in the Official Journal of the European Communities No. C 345 of 13 November 1998 , page 6 .
Ç ÔñÜðåæá ôçò Éóðáíßáò ìåéþíåé ôï åðéôüêéï ôùí óõìöùíéþí åðáíáãïñÜò äéÜñêåéáò 10 çìåñþí êáôÜ 0,25 ôçò åêáôïóôéáßáò ìïíÜäáò óå 4,25% .
The Nationale Bank van België / Banque Nationale de Belgique introduces a transitional system of minimum reserve requirements .
22 Áðñéëßïõ ë Ç ÔñÜðåæá ôçò Éôáëßáò ìåéþíåé ôï ðñïåîïöëçôéêü åðéôüêéï êáé ôï åðéôüêéï ðñïêáôáâïëþí ïñéóìÝíçò äéÜñêåéáò ( Þ åðéôüêéï lombard ) êáôÜ 0,5 ôçò åêáôïóôéáßáò ìïíÜäáò óå 5,0% êáé 6,5% áíôéóôïß ÷ ùò . 11 ÌáÀïõ Ç ÔñÜðåæá ôçò Ðïñôïãáëßáò ìåéþíåé ôï åðéôüêéï ôùí óõìöùíéþí åðáíáãïñÜò , ôï åðéôüêéï áðïññüöçóçò ñåõóôüôçôáò êáé ôï åðéôüêéï ôçò ðéóôùôéêÞò äéåõêüëõíóçò ìßáò çìÝñáò êáôÜ 0,2 ôçò åêáôïóôéáßáò ìïíÜäáò óå 4,5% , 4,2% êáé 6,2% áíôéóôïß ÷ ùò .
The end-of-day rate for advances becomes a single rate and , as a purely technical adjustment in order to bring it down to the level of the German lombard rate , it is lowered by 5 basis points to 4.5% . 8 July The Bank of Greece lowers its fixed tender rate for 14-day deposits by 75 basis points to 13.0% .
3 ÌáÀïõ Ôï Óõìâïýëéï ôçò ÅõñùðáúêÞò ¸ íùóçò ( Óõìâïýëéï ôçò ÅÅ ) , óõíåñ ÷ üìåíï óå åðßðåäï Áñ ÷ çãþí Êñáôþí Þ ÊõâåñíÞóåùí , áðïöáóßæåé ïìüöùíá üôé 11 êñÜôç-ìÝëç , äçëáäÞ ôï ÂÝëãéï , ç Ãåñìáíßá , ç Éóðáíßá , ç Ãáëëßá , ç Éñëáíäßá , ç Éôáëßá , ôï Ëïõîåìâïýñãï , ç Ïëëáíäßá , ç Áõóôñßá , ç Ðïñôïãáëßá êáé ç Öéëáíäßá ðëçñïýí ôéò áíáãêáßåò ðñïûðïèÝóåéò ãéá ôçí õéïèÝôçóç ôïõ åíéáßïõ íïìßóìáôïò ôçí 1ç Éáíïõáñßïõ 1999 êáé óõíåðþò èá óõììåôÜó ÷ ïõí óôç æþíç ôïõ åõñþ áðü ôçí Ýíáñîç ôïõ Ôñßôïõ Óôáäßïõ ôçò ÏéêïíïìéêÞò êáé ÍïìéóìáôéêÞò ¸ íùóçò ( ÏÍÅ ) .
19 July The Banca d' Italia announces a reduction in the ratio of reserve requirements from 9 % to 6 %. 23 July The Central Bank Council of the Deutsche Bundesbank reviews its monetary targeting in 1997 and 1998 and the monetary target for 1998 and abides by its monetary policy orientation , as adopted in December 1996 , which provides for an expansion of the money stock M3 in the course of 1997 and 1998 of around 5 % per annum .
20 ÌáÀïõ Ç ÔñÜðåæá ôçò ÅëëÜäïò ìåéþíåé ôï åðéôüêéï äçìïðñáóßáò ( óôáèåñïý åðéôïêßïõ ) ãéá ôçí áðïäï ÷ Þ êáôáèÝóåùí äéÜñêåéáò 14 çìåñþí êáôÜ 0,25 ôçò åêáôïóôéáßáò ìïíÜäáò óå 14,0% . 29 ÌáÀïõ Ç ÅèíéêÞ ÔñÜðåæá ôçò Äáíßáò ìåéþíåé ôï ðñïåîïöëçôéêü åðéôüêéï êáé ôï åðéôüêéï ôùí ðéóôïðïéçôéêþí êáôáèÝóåùí êáôÜ 0,25 ôçò åêáôïóôéáßáò ìïíÜäáò óå 3,75% êáé 4,0% áíôéóôïß ÷ ùò .
11 September The Governing Council of the ECB endorses the Report entitled « The single monetary policy in Stage Three : General documentation on ESCB monetary policy instruments and procedures » . The Report contains a detailed description of the monetary policy instruments and procedures to be applied by the ESCB ( Eurosystem ) in Stage Three of EMU .
4 Éïõíßïõ Ç ÔñÜðåæá ôçò Óïõçäßáò ìåéþíåé ôï åðéôüêéï ôùí óõìöùíéþí åðáíáãïñÜò êáôÜ 0,25 ôçò åêáôïóôéáßáò ìïíÜäáò óå 4,1% , ìå éó ÷ ý áðü ôéò 9 Éïõíßïõ 1998 .
The Report was published on 18 September 1998 .
Ç ÔñÜðåæá ôçò Áããëßáò áõîÜíåé ôï åðéôüêéï ôùí óõìöùíéþí åðáíáãïñÜò êáôÜ 0,25 ôçò åêáôïóôéáßáò ìïíÜäáò óå 7,5% .
18 September Danmarks Nationalbank raises its certificates of deposit rate by 100 basis points to 5.0% and its discount rate by 50 basis points to 4.25% .
5 ÌáÀïõ Ç ÅèíéêÞ ÔñÜðåæá ôçò Äáíßáò ìåéþíåé ôï ðñïåîïöëçôéêü åðéôüêéï êáé ôï åðéôüêéï ôùí ðéóôïðïéçôéêþí êáôáèÝóåùí êáôÜ 0,5 ôçò åêáôïóôéáßáò ìïíÜäáò óå 4,0% êáé 4,25% áíôéóôïß ÷ ùò .
5 August The Bank of Greece lowers its lombard rate by 300 basis points to 16.0% .
17 Éïõíßïõ Ç ÔñÜðåæá ôçò ÅëëÜäïò ìåéþíåé ôï åðéôüêéï äçìïðñáóßáò ( óôáèåñïý åðéôïêßïõ ) ãéá ôçí áðïäï ÷ Þ êáôáèÝóåùí äéÜñêåéáò 14 çìåñþí êáôÜ 0,25 ôçò åêáôïóôéáßáò ìïíÜäáò óå 13,75% .
26 September The ministers of the euro area Member States , the ECB and the ministers and central bank governors of Denmark and Greece , in a common procedure involving the European Commission and after consultation of the Monetary Committee , welcome the decision of the governments of Denmark and Greece to extend their participation in the exchange rate mechanism from ERM I to ERM II , linking their currencies to the euro .
8 Éïõëßïõ ë Ç ÔñÜðåæá ôçò ÅëëÜäïò ìåéþíåé ôï åðéôüêéï äçìïðñáóßáò ( óôáèåñïý åðéôïêßïõ ) ãéá ôçí áðïäï ÷ Þ êáôáèÝóåùí äéÜñêåéáò 14 çìåñþí êáôÜ 0,75 ôçò åêáôïóôéáßáò ìïíÜäáò óå 13,0% .
They agree that the Danish krone will participate in ERM II with a fluctuation band around its central rate against the euro of ± 2.25% and that the Greek drachma will participate in ERM II with the standard fluctuation band around its central rate against the euro of ± 15 %.
7 Éïõëßïõ Ôï Äéïéêçôéêü Óõìâïýëéï ôçò ÅÊÔ õéïèåôåß Óýóôáóç ãéá Êáíïíéóìü ôïõ Óõìâïõëßïõ ( ÅÊ ) ðïõ áöïñÜ ôçí åöáñìïãÞ åëÜ ÷ éóôùí áðïèåìáôéêþí áðü ôçí ÅõñùðáúêÞ ÊåíôñéêÞ ÔñÜðåæá óôï Ôñßôï ÓôÜäéï ôçò ÏéêïíïìéêÞò êáé ÍïìéóìáôéêÞò ¸ íùóçò .
These agreements became effective as from the opening of foreign exchange markets on 4 January 1999 ( see also the ERM II Agreement of 1 September 1998 ) .
ÁõôÞ ç Óýóôáóç ôçò ÅÊÔ äçìïóéåýèçêå óôçí Åðßóçìç Åöçìåñßäá ôùí Åõñùðáúêþí ÊïéíïôÞôùí , ôåý ÷ ïò C 246 ôçò 6çò Áõãïýóôïõ 1998 , óåë . 6 êáé åîÞò .
in parallel , a broadly based assessment of the outlook for price developments will play a major role in the monetary policy strategy .
Ôï Äéïéêçôéêü Óõìâïýëéï óõìöùíåß áêüìç ùò ðñïò ïñéóìÝíá âáóéêÜ ÷ áñáêôçñéóôéêÜ ôïõ óõóôÞìáôïò ôùí åëÜ ÷ éóôùí áðïèåìáôéêþí ðïõ èá åöáñìïóôåß áðü ôçí áñ ÷ Þ ôïõ Ôñßôïõ Óôáäßïõ : ôá ôçñïýìåíá åëÜ ÷ éóôá áðïèåìáôéêÜ èá áíÝñ ÷ ïíôáé óå ðïóïóôü ìåôáîý 1,5 êáé 2,5% ôçò ó ÷ åôéêÞò âÜóçò õðïëïãéóìïý ( ìåôÜ ôçí áöáßñåóç åíüò óõãêåêñéìÝíïõ åöÜðáî ðïóïý ) , ïé õðï ÷ ñåþóåéò Ýíáíôé ðéóôùôéêþí éäñõìÜôùí åãêáôåóôçìÝíùí óôç æþíç ôïõ åõñþ êáèþò êáé ïé õðï ÷ ñåþóåéò Ýíáíôé ôïõ ÅõñùóõóôÞìáôïò äåí èá õðüêåéíôáé óå åëÜ ÷ éóôá áðïèåìáôéêÜ , ôá ôçñïýìåíá åëÜ ÷ éóôá áðïèåìáôéêÜ èá ôïêßæïíôáé êáôÜ ôçí ðåñßïäï ôÞñçóçò , ìå ìÝóï åðéôüêéï ( óôáèìéóìÝíï ìå âÜóç ôïí áñéèìü ôùí çìåñþí óå çìåñïëïãéáêÞ âÜóç ) ðïõ èá áíôéóôïé ÷ åß óå åêåßíï ôùí ðñÜîåùí êýñéáò áíá ÷ ñçìáôïäüôçóçò ôïõ ÅõñùóõóôÞìáôïò . 19 Éïõëßïõ ë Ç ÔñÜðåæá ôçò Éôáëßáò áíáêïéíþíåé ìåßùóç ôïõ ðïóïóôïý ôùí åëÜ ÷ éóôùí áðïèåìáôéêþí áðü 9 % óå 6 %.
Further to its decision on 7 July 1998 , the Governing Council announces the application of a minimum reserve ratio of 2 % to a credit institution 's liability base of overnight deposits , deposits with an agreed maturity of up to two years , deposits redeemable at notice of up to two years , debt securities issued with an agreed maturity of up to two years and money market paper .
23 Éïõëßïõ ë Ôï Óõìâïýëéï ÊåíôñéêÞò ÔñÜðåæáò ôçò ÏìïóðïíäéáêÞò ÔñÜðåæáò ôçò Ãåñìáíßáò áíáóêïðåß ôç óôñáôçãéêÞ íïìéóìáôéêïý óôü ÷ ïõ êáôÜ ôï 1997 êáé ôï 1998 êáé ôï íïìéóìáôéêü óôü ÷ ï ôïõ 1998 êáé åììÝíåé óôïí ðñïóáíáôïëéóìü ôçò íïìéóìáôéêÞò ôçò ðïëéôéêÞò , üðùò áõôüò õéïèåôÞèçêå ôïí ÄåêÝìâñéï 1996 êáé ðñïâëÝðåé ôçí áýîçóç ôçò ðïóüôçôáò ÷ ñÞìáôïò Ì3 ìå åôÞóéï ñõèìü ðåñßðïõ 5 % óôç äéÜñêåéá ôïõ 1997 êáé ôïõ 1998 .
A reserve ratio of 0 % will apply to repurchase agreements , deposits with an agreed maturity of more than two years and debt securities issued with an agreed maturity of more than two years . The lump-sum allowance to be deducted from the reserve requirement of each institution is set at Euros 100,000 .
Ôá üñéá óôü ÷ ïõ 3-6 % ðïõ åðéðëÝïí ôÝèçêáí ãéá ôï 1998 åðßóçò äéáôçñïýíôáé ÷ ùñßò áëëáãÝò . ¼ ðùò áíáêïéíþèçêå Þäç ôï ÄåêÝìâñéï ôïõ 1997 , ç ÏìïóðïíäéáêÞ ÔñÜðåæá ôçò Ãåñìáíßáò äçëþíåé üôé èá åðéêåíôñþóåé ôçí ðñïóï ÷ Þ ôçò üëï êáé ðåñéóóüôåñï óå ïëüêëçñç ôç æþíç ôçò ÏéêïíïìéêÞò êáé ÍïìéóìáôéêÞò ¸ íùóçò , êáé ó  áõôÜ ôá ðëáßóéá , éäéáßôåñç ðñïóï ÷ Þ èá ðñÝðåé íá äïèåß óôç íïìéóìáôéêÞ åðÝêôáóç .
If a credit institution cannot provide evidence of its interbank liabilities in the form of debt securities with a maturity of up to two years and money market paper , it will be allowed to deduct a standardised 10 % of these liabilities from its liability base . 6 October The Banco de España reduces its 10-day repo rate by 50 basis points to 3.75% .
5 Áõãïýóôïõ Ç ÔñÜðåæá ôçò ÅëëÜäïò ìåéþíåé ôï åðéôüêéï ÷ ñçìáôïäüôçóçò ôùí ðéóôùôéêþí éäñõìÜôùí ìå åíÝ ÷ õñï ôßôëïõò ôïõ Äçìïóßïõ ( lombard ) êáôÜ 3 åêáôïóôéáßåò ìïíÜäåò óå 16,0% .
8 October Danmarks Nationalbank lowers its certificates of deposit rate by 25 basis points to 4.75% .
1 Óåðôåìâñßïõ Ç ÅÊÔ êáé ïé åèíéêÝò êåíôñéêÝò ôñÜðåæåò ôùí êñáôþí-ìåëþí ðïõ äåí áíÞêïõí óôç æþíç ôïõ
The Bank of England lowers its repo rate by 25 basis points to 7.25% .