ECB warns of ‘pockets of exuberance’ in credit, asset and housing markets
High inflation could have “longer-lasting” effects and weigh on the recovery, review finds
The European Central Bank (ECB) warns high asset and housing prices, as well as debt levels, could pose a risk to financial stability in the eurozone.
The central bank published its biannual financial stability review today (November 17), which highlights how high inflation could have long-term effects, potentially imperilling the post-pandemic recovery.
“Risks of high rates of corporate defaults and bank losses are now significantly lower than six months ago,” said ECB vice-president Luis de
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