European Central Bank Vice President Vitor Constancio: that falling inflation expectations would be "extremely harmful"

Market news

17 October 2014

European Central Bank Vice President Vitor Constancio: that falling inflation expectations would be "extremely harmful"

The European Central Bank (ECB) Vice President Vitor Constancio warned that falling inflation expectations would be "extremely harmful".

Constancio expects a modest economic recovery in 2015, but added that there are downside risks.

The ECB vice president pointed out that the ECB's accommodative monetary policy "ensures a safer return to price stability over the medium term".

European stocks closed in plus: FTSE 100 6,310.29 +114.38 +1.85%, CAC 40 4,033.18 +114.56 +2.92%, DAX 8,850.27 +267.37 +3.12%

Foreign exchange market. American session: the U.S. dollar traded higher against the most major currencies after the better-than-expected Reuters/Michigan consumer sentiment index

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