11 June 2001, 15:04 Portugal's Constancio 'confident' of 2.0-2.5 pct FY euro area GDP growth
BASEL (AFX) - The euro area's full year growth potential is still
seen between 2.0-2.5 pct said the Portugal's head of central bank Vitor
Constancio.
"I feel confident we will remain in the range," he said.
Asked about recent inflation development, Constancio replied: "I am
confident inflation will decelerate after some temporary effects linked
to food prices."
Euro area inflation should fall to 2 pct in the coming months he
said, adding he believes the ECB's current monetary policy has been
preemptive and that the interest rate situation is "appropriate".
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