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Bundesbank boss warns against ‘fatal’ assumptions in ECB crisis tool

Financial Times LogoFinancial Times1 mo ago

Bundesbank boss warns against ‘fatal’ assumptions in ECB crisis tool

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The ECB worries that a bond market panic could push up weaker countries’ borrowing costs to a level that tips them into a financial crisis.

He added that it should provide governments with “sufficient incentives” to achieve sustainable debt levels.

The German central banker set out a number of parameters for any new instrument by the ECB, including that it be “strictly temporary” and be designed in a way that it did not hamper its efforts to bring inflation back down to its target.


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Article Details

Author / Journalist: Martin Arnold

Category: MarketsFinanceInvesting

Topics: Bank Inflation Monetary Governments Tool Central Nagel Countries Bond Financial

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-04, 17:19:07

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 4 minutes read

Article Length: 710 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 29624

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 15 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 9h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

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Publisher ID: #3

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