ECB's Constancio: Combination of monetary policy and supervisory functions beneficial

FXStreet (Łódź) - ECB Vice President Vitor Constancio suggested on Monday that the central bank could use the experience it will gain when exercising its new banking supervision tasks to shape monetary policy.

"The separation of the two policy functions (monetary policy and supervisory) does not preclude benefitting from combining them," Constancio said at an economic in London. "Combining and using the experience is one aspect of the synergies that emerge from having all these functions under one roof."

Moreover, the ECB Vice President stressed the need for a very accommodative monetary policy in the Eurozone and pointed to the continued decline of credit in the area.