ECB's Makhlouf says new risks emerging as others fade
Tweet
Share
E-mail
Governor of the Central Bank of Ireland Gabriel Makhlouf speaks with Reuters during an interview at the Institute of International and European Affairs (IIEA) headquarters, in Dublin, Ireland December 5, 2022. REUTERS/Clodagh Kilcoyne/File photo
DUBLIN (Reuters) - A large part of monetary tightening has yet to be passed through to the financial system and economy, and while some risks are fading, new vulnerabilities are emerging, European Central Bank policymaker Gabriel Makhlouf said on Wednesday.
"Early signals of the impact of inflation and monetary tightening on borrower resilience are becoming visible among Tracker mortgages, personal loans and certain corporate lending segments," Makhlouf told an Irish central bank conference.
"Having said that there is huge uncertainty as to what lies ahead. A large part of monetary tightening has yet to be passed through to the financial system and to the economy; and while some risks are fading, new risks are emerging."
(Reporting by Padraic Halpin and Conor Humphries; Editing by Andrew Heavens)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- 'Significant' number of EU countries back speeding up Ukraine funding, Ireland says
- Tesla touts European supervised self-driving safety data ahead of EU vote
- Goldman Sachs, BofA and others plan to issue dollar stablecoin together in 2027
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
