SAFE- CEPR EFA RPN: Presentation of the November 2022 ECB Financial Stability Review
The November 2022 issue of the ECB Financial Stability Review (FSR) has been published on the 16th of November. Since the previous issue of the FSR euro area financial stability conditions have deteriorated against a background of rising inflation, higher rates and weaker growth prospects. Driven by soaring energy and food prices inflationary pressures have continued to rise both globally and in the euro area. This has prompted a normalisation of monetary policy stances by major central banks, contributing to tighter global financial conditions and increased financial market volatility. With these developments in mind, the November FSR assesses financial stability vulnerabilities and their implications for financial markets, debt sustainability, bank resilience, the non-bank financial sector and macroprudential policies.