ECB's Constancio says "ample degree of monetary stimulus" still needed

ECB VP with a scheduled speech in Frankfurt 13 Nov

• we are not yet fulfilling our mandate and that is why mon pol will have to remain very accommodative

Repeating the recent ECB mantra

• EZ economic recovery broad based, robust, resilient
• financial stability risks seem contained
• business confidence at decade highs

Full speech entitled "Economic recovery and the new phase of monetary policy" here

Euro suitably unfazed.