Euro Frustrates ECB Policy Makers as Stimulus Debate Heats Up
- Constancio concerned if moves don’t echo fundamentals
- Comments come after some policy makers urged end-date for QE
Euro Frustrates ECB Policy Makers Amid Stimulus Debate
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The European Central Bank’s second-highest official waded into the debate over euro-area monetary stimulus after some policy makers expressed concerns over the single currency’s recent gains.
Vice President Vitor Constancio cast his lot with Governing Council members Francois Villeroy de Galhau and Ewald Nowotny, who argued over the past two days that a stronger euro may harm ECB efforts to return inflation to the goal of just under 2 percent.