ECB's Constancio: staff projections on growth are still valid

Haresh Menghani FXStreet

The outgoing ECB Vice-President Vítor Constâncio was out on the wires in the last hour and brushed off the recent soft patch in the Euro-zone economy, witnessed during the first quarter of 2018.

Key quotes:

• Growth slowdown is not a serious matter
• Slowdown is not unexpected.
• ECB staff projections on growth are still valid.
• ECB hasn't discussed medium-term future of policy.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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