Despite reports of differing opinions at the heart of the European Central Bank, a senior decision-maker has told CNBC that it stands ready to take further measures and act “unanimously” to tackle a prolonged period of deflation.
Erkki Liikanen, the governor of the Bank of Finland and a member of the ECB’s governing council, said that bank should wait to see the results of the latest stimulus package which he described as some “major” policy decisions.
“What we have also said that at the same time and reiterated that if there will be a prolonged period of low inflation, which is of course very harmful for the European economy, we are unanimous in our commitment to take new measures if necessary. And it’s important to say that our commitment to price stability is intact,” he told CNBC on Thursday.
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