Central Banks
ECB’s Schnabel Says Eurozone Banks Haven’t Seen Deposit Outflows
- Says fallout from bank turmoil to be disinflationary
- How big that force to be is still an open question: Schnabel
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European Central Bank Executive Board member Isabel Schnabel said that eurozone banks have not seen a loss of deposits despite the recent financial stability concerns.
“We’ve seen some shift from overnight deposits into time deposits, but we’ve not seen a general deposit outflow of the banks,” she said at an event in Washington. “For now the banking sector looks rather resilient.”