ECB's Constancio: Slight slowdown in growth was expected

Author: Adam Button | Category: Central Banks

Constancio comments to Bloomberg

  • What's happened is within staff projections
  • Markets have been reading reaction function well
  • We're always concerned with FX volatility
  • ECB has to monitor bond yields in Italy
He's saying that recent weaker growth data isn't going to derail the plan to halt QE and eventually hike rates.

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