Constancio: Will Keep Expansion Stance on Monetary Policy

The video discusses the central bank's policy amidst market volatility, focusing on economic indicators in Europe, the potential impact of the Italian referendum, and the effects of the US election on global markets and currency movements. The central bank aims to maintain an accommodative monetary policy until inflation normalizes, while monitoring potential market corrections and political developments.

What is the current stance of the central bank's monetary policy?

• Contractionary

• Expansionary

• Restrictive

• Neutral

What is the ECB's target for medium-term inflation?

• Above 3%

• Exactly 2%

• Just below 2%

• Below 1%

What factor is crucial for the ECB to reassess its bond-buying program?

• Political stability

• Sustained inflation path

• Exchange rate stability

• GDP growth

How might a 'no' vote in the Italian referendum affect the system?

• It would lead to immediate reforms

• It would strengthen the system

• It would have no impact

• It could cause a shock

What is a potential consequence of the US election on global markets?

• A weaker dollar

• A stronger euro

• A strong dollar

• Stable exchange rates

What is the ECB's role in response to changes in the US market?

• To focus on emerging markets

• To decrease inflation

• To exert a stabilizing role

• To increase interest rates

What is not a target of the ECB's policies?

• Economic growth

• Interest rates

• Inflation

• Exchange rate