Gabriel Makhlouf raises prospect of ‘sharp’ fall in stocks prices amid heightened technology sector valuations
Central Bank governor Gabriel Makhlouf has signalled he has become more cautious in recent weeks on the European Central Bank making big rate cuts, particularly as services inflation remains elevated.
“The data I have seen since then only reinforces my view that prudence and caution would remain the right approach,” he said at a briefing on the latest Financial Stability Review.Buy now, pay later: Many don’t realise that buying clothes with services like Klarna is taking out a loanCan my employer baldly state that its policy is different from whatever the employee handbook says?
Mr Makhlouf and the bank’s director of financial stability, Mark Cassidy, also highlighted a “widening disconnect” between economic uncertainty and low volatility in global equity and debt markets. “Let’s not get too far ahead of ourselves,” he said. “We really do need to wait and see exactly what is going to happen.”
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