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Germany: Monetary Sector Evaluation Program-Technical Be aware-Stress Testing, Interconnectedness, and Danger Evaluation
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Abstract:
The monetary sector weathered COVID comparatively nicely on the again of excessive pre-crisis capital and liquidity buffers, sturdy private and non-private sector steadiness sheets, and unprecedented public and ECB help. Quick dangers to Germany’s monetary stability of Russia’s invasion of Ukraine seem like manageable as a result of banks’ restricted direct exposures to Russia. Nonetheless, dangers related to the financial fallout may affect some particular person monetary establishments, non-performing loans, and home costs. Actual GDP progress was projected to regain momentum from mid-2022 onwards, however the struggle may hinder the restoration by provide constraints, higher-than-expected above-target inflation (with increased power costs and provide constraints), a tightening of monetary situations, and shifts in traders’ confidence.
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