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.
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.
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.
Backstops are in place for the European Central Bank’s Comprehensive Assessment of euro-area lenders, allowing for a “very rigorous” balance-sheet review, ECB Vice President Vitor Constancio said.
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.
"We are dedicating considerable time and effort to making this process rigorous."
- Vitor Constancio on Aug 08, 2014