Easy ECB Policy Necessary to Stimulate Economy – Liikanen

The European Central Bank’s ultra-easy monetary policy of low interest rates and aggressive bond buying is necessary to support the euro zone’s economy, ECB rate setter Erkki Liikanen said on Thursday.

“In order to support the economy and bring inflation back to its target, (the) monetary policy stance has been accommodative,” the Finnish central bank’s governor said at an event.

“This is the backdrop against which the current low interest rates and the use of unconventional monetary policy measures are necessary.”


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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.