Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexEconomic EventsPress releases

Rising French corporate debts are a concern - ECB's Coeure

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/09/2017 | 10:14am CET
Benoit Coeure, board member of the European Central Bank (ECB), is photographed during an interview with Reuters journalists at the ECB headquarters in Frankfurt

Rising French corporate debt is a source of concern for the European Central Bank (ECB) although it is not a reason for withdrawing monetary stimulus, ECB policy maker Benoit Coeure said on Thursday.

Big French companies have been gorging on cheap debt in recent years with bank loans up 5.4 percent in September, twice as much as the euro zone average, according to the Bank of France.

"For now we don't see financial bubbles at the euro zone level, (but) there are worrying small signs, in France for example," Coeure, who is a member of the ECB's Executive Council, said in an interview with franceinfo television.

"Corporate debt is rising very fast, which is something we are watching. But there is nothing today that justifies that the ECB withdraw its support for growth," he added, speaking in Lyon ahead of an economics conference.

Last month, the ECB said it would reduce its bond purchases from January as the euro zone economy was recovering, although it still needed support.

The Bank of France is also taking a close look at corporate credit growth in France and has said it could take measures to rein it in if deemed necessary.

(Reporting by Leigh Thomas; Editing by Sudip Kar-Gupta)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
02:16a BRC BRITISH RETAIL CONSORTIUM : RETAIL LEADERS BACK CHANCELLOR TO DELIVER A “SHOPPERS’ BUDGET”
01:46a RECALL : Potential Foreign Matter (Glass/Hard Plastic) in Certain Fresh Salads
01:31a AUSTRALIAN GOVERNMENT : Joint Media Release with the Hon Steven Ciobo MP, Minister for Trade, Tourism and Investment - Online Visitor visas for Indonesia
01:11a Driverless cars set for UK budget boost - finance ministry
12:11a 'No fireworks' at NAFTA talks, but few signs of progress
12:01a MOAF MINISTRY OF AGRICULTURE AND FORESTS OF BHUT : Electric fencing –a Blessing to the Farmers of Gomchu village
11/18 UN ESCWA UNITED NATIONS ECONOMIC AND SOCIAL COMM : to spotlight synergies and trade-offs of Global Goals in the Arab region
11/18 Fed's Williams joke shows how a novel policy could work, or fail
11/18 AFRICAN UNION : Statement of the Chairperson of the African Union Commission on the Plight of African Migrants in Libya
11/18 OFFICE OF GOVERNOR OF STATE OF CONNECT : Gov. Malloy and Lt. Gov. Wyman Statements on Agreement Reached Between Anthem and Hartford HealthCare
Latest news "Economy & Forex"
Advertisement