CERNOBBIO, Italy, April 1 (Reuters) – The European Central Financial institution (ECB) is monitoring present market tensions intently and can act to protect value and monetary stability within the euro space, ECB vice-president Luis de Guindos mentioned in a speech on Saturday.
“…In our view, vulnerabilities within the monetary system prevail within the non-bank monetary sector, which grew quick and elevated its risk-taking in the course of the low rate of interest setting,” De Guindos instructed the Ambrosetti enterprise discussion board in northern Italy.
Reporting by Giancarlo Navach
Writing by Keith Weir, enhancing by Gavin Jones
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