Fed's Evans and ECB's Constancio tag team in London

Constancio up first

  • Besides the ECB's determination to pursue its expansionary policies, other actors need to do their part

  • Uncertainties remain and further bouts of volatility cannot be precluded

  • ECB will continue to do what is necessary to achieve its goal of reaching a level of inflation close to 2% and enough policy tools can still be used

  • We have to allow some time for the package of measures adopted in March to produce its effects

  • We will also monitor external developments closely

  • Expects recovery in global economy to gather momentum as headwinds dissipate but there are many factors which could potentially derail it

  • The Eurozone recovery is subject to fragilities

Constancio and Evans are appearing on a panel at the International Financials services event in London.