ECB's Lagarde says Europe's financial system has avoided worst-case scenario

<ul><li>Europe’s financial system has avoided the worst-case scenario of severe systemic risks materialising at the same time</li><li>Policymakers need to remain proactive and alert to financial stability risks as and when they arise</li><li>Firmly convinced that the joint action of the EU financial stability community at large will be sustained and unwavering</li><li>That allows the warnings issued to help avoid damage to the economy</li><li><a href="https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp231116~1bdd773fdc.en.html" target="_blank" rel="nofollow">Full speech</a></li></ul><p>There's nothing in there on monetary policy, so carry on as you will.</p>

This article was written by Justin Low at www.forexlive.com.