ECB's Constancio: staff projections on growth are still valid

The outgoing ECB Vice-President Vítor Constâncio was out on the wires in the last hour and brushed off the recent soft patch in the Euro-zone economy, witnessed during the first quarter of 2018. 

Key quotes:

   •  Growth slowdown is not a serious matter
   •  Slowdown is not unexpected.
   •  ECB staff projections on growth are still valid.
   •  ECB hasn't discussed medium-term future of policy.