The euro area economy and the financial system have proven resilient amidst the energy price crisis and inflation.
But economic growth is slowing, and the short-term costs of monetary policy tightening are becoming apparent with the increased constraint on both borrowing and lending.
With future financial stability in mind, it is time to examine the capacity of households, firms, and financial institutions to weather the challenges of credit tightening.
For governments, as the available fiscal space tightens, prudent policies are needed to maintain market trust. (...)
Post
Nessun commento:
Posta un commento