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ECB's Constancio: conflict of mon policy, supervision overplayed
October 22, 2012 / 2:25 PM / 5 years ago

ECB's Constancio: conflict of mon policy, supervision overplayed

LONDON (Reuters) - The potential for conflict between monetary policy and supervision the euro zone’s banks is exaggerated, European Central Bank Vice-President Vitor Constancio said on Monday.

There would be “firewalls” between monetary policy and supervision within the central bank, Constancio told a committee of Britain’s upper house in parliament.

Price stability would always be the central bank’s main priority, he stressed.

Reporting by Sven Egenter and Huw Jones

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