The interest rate hikes by the ECB have left their mark on the German real estate market.
(Photo: imago images/imagebroker)
Frankfurt The Bundesbank has warned of increasing threats to financial stability. “There are a lot of risks at the moment. Each individual risk may seem manageable, but it can become dangerous if several occur at the same time,” said Buch, who is responsible for financial stability at the Bundesbank, in an interview with the Handelsblatt.
“We will probably not see that the state can cushion the consequences of the crisis to the same extent as during the pandemic. Conversely, this means that we need more resilience in the private sector,” said Buch. It therefore rejects demands from the financial sector to relax certain capital requirements for banks in order to allow additional lending.
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