European Central Bank officials warn of financial market risks, stating that a significant correction could threaten financial stability

According to Jinshi reports, European Central Bank Governing Council member Pereira warned that the significant correction in financial markets and crypto assets will become the primary short-term risk to financial stability. He stated that central banks must retain room for action to respond to potential shocks and emphasized that "price stability is the top priority." He added that the current monetary policy is appropriate. Recently, the market has experienced turbulence, with the S&P 500 index heading towards its largest decline since April.