Vitor Constancio - European Central Bank


Last quote by Vitor Constancio

Naturally, for this to be possible, monetary policy recalibration must be quite gradual. That will be the case of the
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Oct 20 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Vitor Constancio is associated, including ECB and EMU. Most recently, Vitor Constancio has been quoted saying: “Bitcoin is a sort of tulip.” in the article What the world’s financial bigwigs think about bitcoin.
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Vitor Constancio quotes

Jun 28 2017 - Unemployment

The unemployment rate now is 9.3 (percent) according to the normal international standard of measuring employment …. But if we adopt, as in the U.S., a broader concept of unemployment (which in the U.S. they call U6) then unemployment in the euro area is at 18 percent whereas it is at 9 (percent) in the case of the U.S. which would imply that the slack is then bigger than we could judge some time

Jun 28 2017

What we see, what we observe is that domestic factors of inflation starting with wage and cost developments and then also price decisions are not responding the way we would expect in view of our more common estimates of this slack. So we have to ask ourselves - are these measures of the slack of the economy correct?feedback

Jun 08 2017

The reasons that triggered that decision were related to the liquidity problems. There was a bank run. It was not a matter of assessing the developments of solvency as such, but the liquidity issue. Our role as ECB was just the declaration that the bank for liquidity reasons was failing or likely to

May 24 2017

That is the risk… it is the materialization of this reflation

May 24 2017

If anything… if we have to err to (avoid) making a mistake, and I hope we don't make a mistake, but if we have to err we should then err in the direction of being

May 24 2017

What is still ongoing is an economic recovery which is not so buoyant as markets thought some time ago but it is, nevertheless, a

Nov 24 2016

It's the sort of political uncertainty that will trigger or not an economic shock in financial

Nov 14 2016

I don't see any need to react specifically to

Nov 14 2016

We should be cautious in drawing hasty, positive conclusions from those market developments because they may not necessarily indicate that the world economy will have an accelerating recovery with higher

Nov 10 2016

A cause for concern is still the fact that core inflation ... is not accelerating and it's rather

Nov 10 2016 - Unemployment

I feel confident that the recovery in the euro area will continue. It will consolidate itself... so by next year we will see the unemployment rate in single

Nov 04 2016

Although risky as it is to say it, under present trends, we will be by March with an inflation rate around 1.3 percent if things go

Nov 04 2016

They stem from some structural changes that have occurred in financial

Oct 06 2016

(The purchases) will go on until we are satisfied that inflation is truly on the path to our objective, and at least until March of next

Sep 23 2016

We all hoped that the reaction of the economy would have been much quicker as a result of the expansionary monetary policy we have put in place. It is taking longer than anyone expected. We are aware that a low interest rate environment for a long period of time creates risks, risks in general to financial

Sep 09 2016

There was a common view in the meeting that any additional initiative requires mutual trust among the countries that rules will be

Jun 28 2016

I think indeed the comparison does not apply because the reaction to Lehman as you may recall was that several markets froze … That was not the case this

May 09 2016

We took this package of measures very recently so without major upheavals in the world economy we are not contemplating anything just a month after we took major

May 09 2016

Combined, this would make the euro area fit to deliver a more prosperous future for its

Apr 07 2016

The European Central Bank will continue to do whatever it takes to pursue its price stability

Apr 07 2016

However, other policies must also act. We need a clear vision for EMU (economic and monetary union). Leaving EMU unfinished will leave us too fragile and vulnerable to be able to deal with future

Jul 24 2010

I think these stress tests are the most extensive and the most severe that have been conducted in developed countries on such a

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