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ECB Official Warns of Financial Market Risks, Large Pullback Threatening Financial Stability
Summary: According to sources, ECB board member Pereira has warned that a significant pullback in financial markets and crypto assets will be the primary short-term risk to financial stability. He stated that the central bank must retain flexibility to respond to potential shocks and emphasized that 'price stability is the primary task.' He added that the ...
According to sources, ECB board member Pereira has warned that a significant pullback in financial markets and crypto assets will be the primary short-term risk to financial stability. He stated that the central bank must retain flexibility to respond to potential shocks and emphasized that 'price stability is the primary task.' He added that the current monetary policy is appropriate. The recent market turbulence has seen the S&P 500 index heading towards its largest decline since April.
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Link: ECB Official Warns of Financial Market Risks, Large Pullback Threatening Financial Stability [Copy]
