Market news
02.05.2011, 18:22

ECB, Constancio: Says growth in EMU as a whole will be above 2010.

  • reiterates can only take decisions based on average EMY inflation;
  • debt crisis hasn't derailed recovery;
  • Greece can try to strengthen program credibility;
  • privatizations have to be implemented, markets must be convinced;
  • privatization will have big fiscal impact;
  • core inflation is a good leading indicator of inflation but not advisable for it to be target;
  • EMU rates still very low by historical standards;
  • no decision to rusk into a series of hikes.

 

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