No general overvaluation of assets in Euro area – ECB’s Constancio
By FXStreet FXStreet (Mumbai) – Speaking at a conference on banking supervision on Wednesday, the European Central Bank (ECB) Vice President Vitor Constancio stated that he does not see overvaluation of assets in the EMU and that the central bank is monitoring that very closely.
Key Quotes:
“Our analysis on avg for Euro area there is no general overvaluation”
“There are pockets where some assets are a bit overvalued”
“We monitor that very closely”
“Monetary policy should not address bubbles”
“In Europe we need more clarity on macro prudential tools”
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Source:: FX Street
