German central bank warns of overblown property prices

German central bank warns of overblown property prices

Germany’s central bank warned Thursday about skewed valuations in the housing market, calling it a “specific vulnerability” as property prices continue to soar. “We have basically seen all indicators — prices, credit — those indicators kept increasing in Germany and you don’t really see a big effect of the pandemic,” Claudia Buch, vice-president at the … Read more

UK shoppers face fastest price rises since 1990 in Christmas rush – business live | Business

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. America’s central bank could wrap up its stimulus programme and raise interest rates earlier than expected, with inflation at a 30-year high and the jobs market improving. The minutes of the Federal Reserve’s most recent meeting, … Read more

ECB union seeks bigger pay hike in face of inflation – POLITICO

ECB union seeks bigger pay hike in face of inflation – POLITICO

FRANKFURT – As the European Central Bank is getting more heat for refusing to hike interest rates despite rising inflation, its staff is seeking another solution: It wants higher pay. The ECB’s staff trade union IPSO has called on the central bank’s leadership to raise pay more substantially to protect employees’ purchasing power against skyrocketing … Read more