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ECB's Draghi points to asset repricing, sudden rate rise as main risks
European Central Bank policy is working as intended and the biggest risks to the policy outlook are a sharp repricing of assets or a sudden rise in interest rates, ECB President Mario Draghi said on Saturday. He said that specific risks include lingering stability issues in the banking sector or a surprising increase in inflation, which appears unlikely in the euro zone but a more relevant issue in the United States. On the downside, a risk would be a “snap back” in rates relating to geopolitical issues, such as trade tensions, a renegotiation of EU rules by member nations or infringement on central bank ... (full story)
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Beware of robber banks (RB), bad advisors.
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