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ECB's de Guindos warns of hit to banks from higher rates

Published 27/09/2022, 14:47
Updated 27/09/2022, 14:54
© Reuters. FILE PHOTO: Luis de Guindos, vice-president of the European Central Bank, speaks during a Reuters Breakingviews event in New York, U.S., April 25, 2019. REUTERS/Brendan McDermid/File Photo

LONDON (Reuters) - Euro zone banks are set for some pain as the economy slows and higher interest rates land some companies in hot water, the European Central Bank vice-president Luis de Guindos said on Tuesday.

"You have to take into consideration that we're going to have a slowdown of the economy and simultaneously that higher rates will have a clear an impact on the solvency of corporates," de Guindos told an event in London.

 

 

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