ECB's Angeloni Sees Possible Rise in Banking Contagion Risks

European Central Bank official Ignazio Angeloni sees a possible inversion of the economic cycle that could slow 2019 growth while banking contagion risks may rise, according to an interview published Saturday.

“In the euro zone, economic growth will continue but it can slow down for various factors, due in part to global developments,” ECB supervisory board member Angeloni said in the interview with Il Sole 24 Ore newspaper.