‘Too early to assess economic impact of Paris attacks’ – ECB’s Constancio
By FXStreet FXStreet (Mumbai) – While speaking in Frankfurt, the European Central Bank (ECB) Vice-President Vitor Constancio condemns the recent Paris terror attacks while adding that its too early to assess the impact of the attacks.
On the monetary policy outlook, Mr. Constancio noted that the central bank has many monetary policy options and that the monetary policy will continue to be accommodative.
Key Quotes:
‘Events in Paris terrible’
‘Compounds all the problems we were already facing’
‘Too early to assess econ impact of Paris attacks’
‘Forthcoming events after Paris attack may impact confidence, risk aversion’
‘Markets thus far reacting calmly to events’
‘Monetary policy will continue to be accommodative’
‘Further monetary policy options are available if needed’
‘No signs of general overvaluations in Euro area’
‘Main rate to stay low for prolonged period of time’
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Source:: FX Street
