It's too early to declare a complete success on inflation says ECB's Constancio

Speaking in Malta

  • The Eurozone is experiencing a resilient recovery

  • Monetary policy has played a vital role in bolstering euro area resilience to the large shocks that have occurred over the past decade

  • The euro area recovery is gaining momentum, broadening across sectors and countries

  • ECB staff show that the current recovery has been very reliant on two factors: the exceptionally low oil prices in 2014-15 and our monetary policy measures

The weeks leading up to the end of the OPEC deal is going to be important for the ECB then ;-)

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