November 29, 2017 / 11:12 AM / a year ago

Central banks did not numb markets: ECB's Constancio

FRANKFURT (Reuters) - Central banks are not the sole culprits for suppressing volatility on financial markets, which mainly reflects strong economic growth and a long-term decline in interest rates, the vice president of the European Central Bank said on Wednesday.

European Central Bank Vice-President Vitor Constancio listens during a news conference following the Governing Council meeting in Tallinn, Estonia, June 8, 2017. REUTERS/Ints Kalnins

Vitor Constancio was unveiling the ECB’s biannual Financial Stability Review, in which he warned that the record-low volatility could create the pre-conditions for sudden reversals of recent gains on financial markets.

Reporting By Francesco Canepa

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