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No general overvaluation of assets in Euro area – ECB’s Constancio

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - Speaking at a conference on banking supervision on Wednesday, the European Central Bank (ECB) Vice President Vitor Constancio stated that he does not see overvaluation of assets in the EMU and that the central bank is monitoring that very closely.

    Key Quotes:

    “Our analysis on avg for Euro area there is no general overvaluation”

    “There are pockets where some assets are a bit overvalued”

    “We monitor that very closely”

    “Monetary policy should not address bubbles”

    “In Europe we need more clarity on macro prudential tools”
    For more information, read our latest forex news.

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