ECB Member Says More Stimulus is Possible

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.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza