ECB’s Makhlouf: Housing markets reflect early indications of reduced demand

European Central Bank (ECB) Governing Council member Gabriel Makhlouf said on Thursday that “housing markets across the world responding to rising interest rates, early indications of reduced demand.”

Further comments

“Vulnerabilities accumulated during the period of low rates means the full impact of shocks are hard to foresee.”

“Undoubtedly risks of further asset price falls, potential episodes of market disruption as we tackle inflation.”

Market reaction

EUR/USD is clinging to gains above 1.0400, currently trading at 1.0425, 0.30% higher on the day.

Articles You May Like

Yen Outperforms on Falling US Yields, Focus Turns to NFP
Private hiring increased by just 127,000 jobs in November, well below estimate, ADP reports
EUR/USD bulls move in despite corrective US Dollar
3 reasons why Ethereum price keeps rejecting at the $1,300 level
Yen Jumped as Fed Powell Knocked Down Dollar and Yields

Leave a Reply

Your email address will not be published. Required fields are marked *