「German Financial System Under Strain But Property Correction Not...」の版間の差分

FRANKFURT, Nov 24 (Reuters) - Risks in the German financial system are building as the economy heads for a recession and struggles with rising interest rates and sky-high energy prices, but a correction in the housing market is not imminent, the Bundesbank said on Thursday.<br> Europe's largest economy has been among the top losers of Russia's war in Ukraine because of its excessive reliance on Russian gas and the economy is now set to suffer a significant downturn starting in the fourth quarter of 2022.<br> "The macro-financial environment has deteriorated substantially," the Bundesbank said in a Financial Stability Review.<br><br>"Major downside risks remain."<br> Rising costs, partly a function of higher European Central Bank rates, are limiting the financial leeway of households and enterprises, and this increases future credit risk.<br> Still, the Bundesbank did not expect a significant correction in house prices, which were in the past seen 15% to 40% overvalued.<br> "On balance, house prices are still rising, albeit at a slower pace," Bundesbank Vice President Claudia Buch said.<br><br>"That said, there are no signs of a severe slump in real estate prices or of overvaluations receding."<br> Despite the downturn, the Bundesbank argued that it was not yet time for the country's financial regulator to release a so-called countercyclical capital buffer - extra capital, built up during better times, to be used up during a slump.<br> "A worsening energy crisis, a sharp economic slump and abruptly rising market interest rates could put the German financial system under considerable pressure," the bank added.<br> Extreme volatility in energy prices sharply increased the collateral requirements of central counterparties in derivatives trading but government measures cushioned the liquidity shortage and [https://weareliferuiner.com/chocolate-cherry-runtz-strain/ weareliferuiner.com] the overall supply of credit "has worked well", it said.<br><br>(Reporting by Balazs Koranyi; Editing by Alex Richardson)<br><br>adverts.addToArray({"pos":"inread_player"})Advertisement