ECB's Constancio: Loose for longer is less risky than a premature withdrawal

Popping up on Reuters

  • Underlying inflation is still subdued

  • Higher wage growth is needed (buzzword for the ECB now)

  • ECB is fully committed to policy until Dec so will have to decide in the Autumn what to do next

When it comes to policy views, Constancio is firmly tucked up in Draghi's top pocket.

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