Real Estate
ECB Is Watching Commercial Real Estate Closely, Guindos Says
This article is for subscribers only.
The European Central Bank still views commercial real estate contagion as one of the main risks for financial stability and is actively monitoring the situation, Vice President Luis de Guindos said.
Speaking to reporters in Frankfurt on Thursday after a monetary-policy decision, he acknowledged that fallout has been limited but that officials remain watchful for any ripples spreading from the impact of high borrowing costs and plunging valuations.