The outgoing ECB Vice-President VÃtor Constâncio was out on the wires in the last hour and brushed off the recent soft patch in the Euro-zone economy, witnessed during the first quarter of 2018.
Key quotes:
“¢ Growth slowdown is not a serious matter
“¢ Slowdown is not unexpected.
“¢ ECB staff projections on growth are still valid.
“¢ ECB hasn’t discussed medium-term future of policy.