Housing markets worry high income countries’ central banks

Middle income countries point to inflation and cyber crime as sources of risk

Cyber crime and housing markets are the likeliest sources of financial instability over the next 12 months, say respondents to the Financial Stability Benchmarks 2023.

Some 30% of respondents say they expect cyber crime could be a major source of financial instability, and 29% say the same about the housing market. Another 24% of participants think inflation could be a source of risk to financial stability.

Central banks from high income countries are most likely to cite the housing market as

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