European Central Bank Vice President Vitor Constancio: there is no overvaluation of asset prices in the Eurozone

Market news

4 November 2015

European Central Bank Vice President Vitor Constancio: there is no overvaluation of asset prices in the Eurozone

European Central Bank Vice President Vitor Constancio said at a conference on Wednesday that there is no overvaluation of asset prices in the Eurozone. He added that the central bank's monetary policy should not combat bubles.

"There are pockets where assets are perhaps a little bit overvalued," Constancio said.

The ECB vice president noted that the ECB closely monitor these assets.

European Central Bank’s economic bulletin: the direct impact of the slowdown in the Chinese economy on the economic growth in the Eurozone is modest

U.S. crude inventories climb by 2.85 million barrels to 482.8 million in the week to October 30

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