Newsmaker with Vítor Constâncio
Live coverage of an interview with ECB Vice President and Member of the Executive Board Vítor Constâncio by Reuters Editor-in-Chief Steve Adler.
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The European Central Bank has not committed yet to any decision for its next meeting on March 10, but may decide to act if it determines that a recovery in inflation is getting pushed back further into the future, ECB Vice President Vitor Constancio said on Friday. -
REUTERS/Srdjan Zivulovic
Welcome to our live coverage of this Reuters Newsmaker on the work of the European Central Bank with ECB Vice President & Member of the Executive Board, Vítor Constâncio.Reuters President and Editor-in-Chief, Steve Adler, will engage Constâncio in a wide range of topics, including the ECB’s efforts to rebuild confidence after the currency union’s near collapse in 2015, the bank’s desperate fight to boost inflation, the euro area’s near-stagnation and the legacy of a banking crisis that could hold back growth for years to come. Facing a renewed prospect of deflation, the ECB has promised to review its policy stance and possibly unroll further unconventional measures as soon as March.
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Growth and inflation risks are on the rise in the euro area, the minutes of the European Central Bank's January meeting showed, and some policymakers are advocating the need to act pre-emptively in the face of new threats.
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ECB lowers emergency funding cap for Greek banks as liquidity improvesThe European Central Bank lowered the cap on emergency liquidity assistance (ELA) Greek banks can draw from the domestic central bank by 0.1 billion euros to 71.4 billion euros ($79.5 billion), the Bank of Greece said on Thursday. -
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Keep an eye on #ReutersLive for a @Reuters live interview with @ecb 's Constancio, over the next hour..8:31 AM - 19 Feb 2016
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Constancio says the ECB is going to assess the effects of recent global economic and financial developments, including the price of oil, and if the turmoil in financial markets is going to have an impact on the real economy.
"Markets are telling a sort of pessimistic view of the near future" -
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Constancio says @ecb 'may very well decide to act' in March if it determines that inflation rebound delayed, at #ReutersLive8:50 AM - 19 Feb 2016
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"More or less the recovery is ongoing, not spectacularly but ongoing" ECB Constâncio #ReutersLive8:53 AM - 19 Feb 2016
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Constancio downplays effect of negative policy rate on bank stocks, yet says @ecb would consider that if it eases further #ReutersLive9:01 AM - 19 Feb 2016
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We are not at all in a situation that can be compared to 2008. That is not where the world is headed - @ecb's Constancio #reuterslive9:16 AM - 19 Feb 2016
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India to give homegrown vaccine in seven more states this week
NEW DELHI India said it will administer homegrown coronavirus vaccine COVAXIN in seven more states from Monday as it seeks to inoculate 30 million healthcare workers across the country.
