European Central Bank Vice President Vitor Constancio signaled that large-scale asset purchases are the next step policy makers are prepared to take if the inflation outlook worsens.
The U.S. economy shrank in the first quarter at the fastest pace in five years, data this week may show.
European Central Bank Vice President Vitor Constancio said lenders in the region are reducing the risk of failing a balance-sheet review by taking pre-emptive steps to increase capital ratios.
The European Central Bank is ready to act “swiftly” if needed to counter the risk of persistently low inflation in the euro area, Vice President Vitor Constancio said today in Brussels.
Confidence that central bank policies will spur economic growth and a valuation call by Federal Reserve Chair Janet Yellen sent global equities rallying for the week, with benchmark indexes in the U.S. and Canada climbing to all-time highs.
European Central Bank Vice President Vitor Constancio said the region could see a wave of bank mergers as the presence of the Single Supervisory Mechanism prompts deeper integration.
The euro area will probably avoid outright deflation as a “soft” economic recovery gradually reduces spare capacity in the economy, European Central Bank Vice President Vitor Constancio said.
"If you can use the word failing as some banks being below the threshold that we defined in the asset-quality review and in the stress test, yes it's to be expected."
- Vitor Constancio on Jul 17, 2014