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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Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.
His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.
Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.