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ECB Vice President reinforces current monetary policy

By Ricky Bean April 11th, 2017

On what was a relatively quiet day in terms of economic data, we again saw updates regarding the Eurozone’s monetary policy. European Central Bank Vice President Vitor Constancio stated that against the current inflation, the current degree of monetary accommodation was appropriate.

This further reinforces ECB President Mario Draghi’s comments from last week.

The German ZEW figures are due out today. This is a survey of around 275 German institutional investors and their expectations for the next six months.

Eurozone industrial production data is also set for release.

Looking ahead, we’re entering the final phase before the first round of the French presidential elections, which is adding to uncertainty in Europe.