17 November 2022 | Other

ECB warns record inflation will create problems for everyone

Amid a slowing economy and officials' desperate fight against inflation, the European Central Bank (ECB) issued a report this Wednesday saying financial stability is in danger. Lenders are at risk of being hit as well as the governments and households.

In its report, the ECB emphasizes, the economic situation has deteriorated so much that some people have lost the ability to pay loans, and corporate profits could substantially decrease.

The report also noted several dangers for public finances. These dangers are related to the fact that the government is borrowing a significant amount of money to mitigate the effects of the energy crisis. Moreover, the report touched on the topic of downward pressure on stocks and the possible halt of house prices.

Vice-President of the ECB Luis de Guindos notes that inflation and a slowing economy have already been noticed by both ordinary people and companies. According to the ECB, financial stability may be shaken, and the Eurozone is likely to experience a technical recession.

Company MarketCheese
Period: 01.11.2026 Expectation: 6300 pips
Buy Tesla stock with $430 in sight
Today at 08:51 AM 13
Period: 20.11.2026 Expectation: 1200 pips
Invest in AUDUSD ahead of Fed and RBA meetings
Today at 06:56 AM 12
Period: 19.11.2026 Expectation: 9435 pips
Buying silver up to $67.00
Yesterday at 10:16 AM 24
Gold buy
Period: 31.10.2026 Expectation: 200 pips
Go long on gold with $4,375 in mind
Yesterday at 06:40 AM 33
Period: 16.11.2026 Expectation: 5700 pips
Invest in GBPUSD up to 1.38700
16 October 2026 85
Period: 31.10.2026 Expectation: 1300 pips
Selling AUDCAD from 0.9890
16 October 2026 92
Go to forecasts