DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: NPLs Will Increase As Support Withdrawn - ECB Enria

(MNI) LONDON
FRANKFURT (MNI)

Non-performing loan ratios are "sure" to grow as fiscal and monetary support is withdrawn from the economy, the Chair of the Supervisory Board of the European Central Bank said in an interview published Thursday.

NPL ratios continued to decrease in 2020 despite the Covid-19 crisis, Andrea Enria said, though there is uncertainty over how large the increase will be. Some sectors of the economy unlikely to come back as strong as they were before the pandemic, he added.

Supervisory Board member Elizabeth McCaul said recently there is "reason to believe that the worst-case scenario, of EUR1.4 trillion worth of NPLs by the end of the pandemic, is less likely to materialise."

MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
Policy NewsRegulationCEEMEAEurozoneBriefStoryRegion
True
MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
Policy NewsRegulationCEEMEAEurozoneBriefStoryRegion
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.