The European Central Bank feels that its monetary policy stance is appropriate and no reassessment is justified at this stage, explained the Frankfurt-based bank’s vice-president, Vitor Constancio, on Monday 10 April. Constancio had come to present the ECB’s annual report to MEPs on the economic and monetary affairs committee.
The ECB vice-president added: ‘We continue to stand ready to react to downside shocks. While cyclical conditions have improved, we still need to address,...