ECB’s Makhlouf: Impact of inflation, monetary tightening on borrower resilience are becoming visible

European Central Bank (ECB) policymaker Gabriel Makhlouf said on Wednesday, “early signals of the impact of inflation and monetary tightening on borrower resilience are becoming visible among Tracker mortgages, personal loans and certain corporate lending segments.”

"Having said that there is huge uncertainty as to what lies ahead. A large part of monetary tightening has yet to be passed through to the financial system and to the economy; and while some risks are fading, new risks are emerging.” Makhlouf noted.