ECB's Constancio says growth slowdown is not a serious matter

Author: Justin Low | Category: Central Banks

Comments by outgoing ECB vice president Vitor Constancio

  • Slowdown is not unexpected
  • ECB staff projections on growth are still valid
  • ECB hasn't discussed medium-term future of policy
Not surprising as the ECB once again brushes off the soft patch seen in Q1. His last comment there echoes that of Draghi in the policy meeting last month.

"Meh, let me have one last go at it mate".