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

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17 octubre 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".

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