ECB's Constancio says "ample degree of monetary stimulus" still needed

ECB VP with a scheduled speech in Frankfurt 13 Nov

  • we are not yet fulfilling our mandate and that is why mon pol will have to remain very accommodative

Repeating the recent ECB mantra

  • EZ economic recovery broad based, robust, resilient
  • financial stability risks seem contained
  • business confidence at decade highs

Full speech entitled "Economic recovery and the new phase of monetary policy" here

Euro suitably unfazed.

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