ECB's Constancio says inflation will peak up (despite slow wage growth)

European Central Bank Vice-President Vitor Constancio, speaking on Sunday

He noted the 'apparent disconnect' between strong economic activity & low inflation, wages

• "We remain confident that the continued closing of the output gap will lead inflation to return to our medium-term objective, yet this return remains conditional on a very substantial degree of monetary accommodation"

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The ECB meet on October 26 to discuss policy - indications are getting a wee bit clearer as to ideas of size and timing of the 'taper':

• More on the ECB and lower QE amounts from January
• ECB said to be considering cutting QE to 30bn a month from January 2018