Friday, 20 July 2007

ECB's Constancio Says Euro Gains Curb Inflation, Central Bank Monitoring

(Bloomberg) -- European Central Bank council member
Vitor Constancio said the euro's appreciation will help to push
down inflation in the 13-nation euro region.

``Of course it has an impact in reducing inflation,''
Constancio, who also heads Portugal's central bank, told
reporters in Lisbon today. ``It's automatic and it's something we
always consider. That's one of the variables we look into.''


Read more at Bloomberg Currencies News

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