ECB can live with spike in market volatility: Praet
Tweet
Share
E-mail
European Central Bank executive board member Peter Praet speaks during a conference in Brussels, Belgium, May 19, 2017. REUTERS/Francois Lenoir
FRANKFURT (Reuters) - The European Central Bank "can live" with the recent spike in market volatility as long as it does not have repercussion on the stability of the financial sector, the ECB's chief economist said on Wednesday.
"What happened the other day is fine, I don’t care. A big spike in volatility is fine, we can live with this," Praet told a conference in Frankfurt, referring to a stock-market selloff earlier in the week.
"But we have to be sure that the financial stability consequences will be contained," he added.
(Reporting By Francesco Canepa; Editing by Balazs Koranyi)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- India says border peace critical to ties with China amid reports of military tensions
- Two grain terminals at Russia's Novorossiysk halt work after Ukrainian attack, sources say
- Eclipse craze grips Spain, Iceland as millions get set for 'event of the century'
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
