ECB’s Guindos: Central bank sees private credit as one key risk to financial stability
European Central Bank (ECB) Vice President Luis de Guindos said during the European trading session on Tuesday that the central bank sees private credit as one of the sources of risk to financial stability alongside high market valuations and loose fiscal policy in some countries, Reuters reports.
Market reaction
There seems to be no impact of ECB Guindos' comments on the Euro (EUR), as they seem to lack any cues regarding the monetary policy outlook. As of writing, EUR/USD trades 0.2% lower to near 1.1760 as US Dollar (USD) trades firmly.
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