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ECB’s Constancio: staff projections on growth are still valid

The outgoing ECB Vice-President Vítor 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.

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