Daily Management Review

ECB should continue its economic stimulus policy: ECB’s vice president


11/13/2017


The reasons he has cited for his view is the prevalence of falling unemployment and loitering inflation at around 2% despite strong economic growth within the Eurozone.



On Monday, the European Central Bank’s vice president, Vitor Constancio stated, the central bank’s monetary policy must remain easy since inflation in the Eurozone continues to be low at around 2% despite falling unemployment and strong economic growth.
“We are not yet fulfilling our mandate and that is why monetary policy will have to continue to be very accommodative, assuring favourable financial conditions to foster growth and spur wages and prices,” said Vitor Constancio, seen as a policy dove, at a conference.
 
References:
https://www.reuters.com







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