Geopolitical risks threaten financial stability – Norges Bank
Norwegian central bank says banks are well-capitalised but notes real estate problems
Norway’s central bank says growing geopolitical risks present considerable risks in its latest financial stability report, published today (November 8).
“Geopolitical tensions are higher than they have been for a long time,” says the report. “Escalation of war or conflict may result in renewed financial market stress and major disruptions to world trade. This may in turn lead to new inflationary pressures and weaker global growth prospects.”
A Norges Bank survey in October found market
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