the European Systemic Risk Board financial watchdog has warned that the sustainability of private and public debt in the EU could be threatened if the European Central Bank (ECB) raises interest rates. "A scenario where interest rates increase, for example due to increased risk premia... could put debt sustainability and, as a consequence, financial stability at risk", said The European Union's in its annual report. The ECB said in June that it was likely to raise interest rates in the Autumn of 2019.
The European Union's financial watchdog has warned that the sustainability of private and public debt in the EU could be threatened if the European Central Bank (ECB) raises interest rates. "A scenario where interest rates increase, for example due to increased risk premia... could put debt sustainability and, as a consequence, financial stability at risk", said the European Systemic Risk Board in its annual report. The ECB said in June that it was likely to raise interest rates in the Autumn of 2019.