Wednesday, Aug 08, 2007
'In the worst-case scenario, a rapid reversal of asset price inflation could lead to a sharp deterioration in the quality of banking sector assets and create significant contingent liabilities for the public sector. Moreover, this process could be compoun
www.hemscott.com: Baltic credit bubble may deflate slowly starting Q4 if ECB tightens policy
Under its baseline scenario, the Baltic credit bubble should start to slowly deflate beginning in the fourth quarter of this year, Standard & Poor's Ratings Service said in a report.However this outlook hinges on the expectation the European Central Bank and other global central banks will continue to tighten monetary policy, and that the Baltic authorities will avoid further fiscal stimulus to their respective economies, the agency qualified
Posted by chris :-)) @ 02:03 PM (111 views) Add Comment
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