stability and financial stability in the euro area. the euro area banking sector is resilient, with strong capital and liquidity positions. in any event, the ecb s policy tool kit is fully equipped to provide liquidity support to the euro area financial system, if needed, and to preserve the smooth transmission of monetary policy. the chinese president, xijinping, has been holding talks with the russian president vladimir putin in moscow during his first visit since russia s invasion of ukraine last year. the visit is a clear sign of support for russia and its president vladimir putin at a time when the kremlin is under intense pressure from the west to stop the war. president xi s visit comesjust days after the international criminal court issued an arrest warrant for the russian leader
and liquidity positions. in any event, the ecb s policy toolkit is fully equipped to provide liquidity support to the euro area financial system. despite these assurances, many people are concerned by the volatility of the banking sector. here is katie martin, from the financial times. its first open this morning was really quite jittery. we saw some quite heavy falls in european banking stocks pretty much across the board. 0bviously credit suisse shares fell very heavily, but there was also a decent amount of weakness in, for example, deutsche bank and some of the french banks. now, that has calmed down a little and it s very early days and it s a bit too soon to be making sort of strong pronouncements about exactly what investors broadly think about this situation. but it is at least comforting to see that some of these sell offs
the european central bank is the central bank of the 19 european union countries which have adopted the euro. here s the bank s president, christine lagarde. let me also remind that we are . monitoring market developments closely and stand ready to respond as necessary to preserve price - stability and financial - stability in the euro area. the euro area banking sector| is resilient with strong capital and liquidity positions. in any event, the ecb s policy- toolkit is fully equipped to provide liquidity support to the euro area financial system. - despite these assurances, many people are concerned by the volatility of the banking sector. here is katie martin, from the financial times. markets first opened this morning and it was really quite jittery.
some more hikes. find substantial risks, but we expect some more hikes. substantial risks, but we expect some more hikes. and we will keep a close e e some more hikes. and we will keep a close eye on some more hikes. and we will keep a close eye on that. some more hikes. and we will keep a close eye on that. thank some more hikes. and we will keep a close eye on that. thank you - some more hikes. and we will keep a close eye on that. thank you for- close eye on that. thank you for being with us. now the president of the european central bank is christine lagarde. here she is a short time ago addressing concerns over the woes of the european banking sector. the euro area banking sector is resilient, with strong capital and liquidity positions. in any case, our policy tool kit is fully equipped to provide liquidity support to the euro area financial system if needed, and to preserve the smooth transition of monetary policy. that is christine lagarde. here s our business correspon
us banks last week. the european central bank s interest rate rise is the sixth successive hike. that s despite wider fears of market uncertainty following credit suisse s bailout. but the ecb s president says the situation is being monitored. we are monitoring current market tensions closely and we stand ready to respond as necessary to preserve price stability and financial stability in the euro area. the euro area banking sector is resilient with strong capital and liquidity positions. in any case, our policy toolkit is fully equipped to provide liquidity support to the euro area financial system if needed, and to preserve the smooth transition of monetary policy. christine lagarde, the president of the european central bank. let s speak to susannah streeter head of money and markets at investment service, hargreaves la nsdown.