ECB warns on yields, French budget and public debt
ECB's Moulin and Schnabel flagged French budget uncertainty pushing up yields and rising public debt as risks to the financial sector and monetary control.
What we know
Moulin attributed higher yields to French budget uncertainty and said they could weigh on the economy. Schnabel warned non-bank finance and public debt may endanger monetary control and described a slow build of a long-term securities portfolio. Separately, the IFS warned of a decade of pain in the UK.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.