Monthly Archives: November 2020

No changes to Central Bank’s mortgage rules

The Central Bank has today left its key rules on mortgage lending unchanged and also extended its relaxation of certain regulations on bank reserves into next year. However, the Governor of the Central Bank warned the situation facing the economy is still “very challenging” with “heightened uncertainty” over the implications of higher corporate and sovereign…

ECB warns against early withdrawal of Covid supports

The European Central Bank has said if governments withdraw financial support from households and companies too early, it could “set back the economic recovery”.  In its latest Financial Stability Review published today, the ECB says “vulnerabilities in the corporate sector are increasing as the pandemic evolves”. This could “test the resilience of euro area banks…