ECB’s Liikanen: Rates would remain low beyond the end of bond purchases

Dhwani Mehta FXStreet

Erkki Liikanen, Finnish central bank president and ECB governing council member, said in an interview with Handelsblatt late-Tuesday, ECB does not plan to increase interest rates for the time being.

Key Quotes:

“We have stated that rates would remain low beyond the end of the [bond] purchases,”

It’s important maintaining “an inflation target close to 2 percent for the euro-area,” though “some countries have been above – some countries have been below.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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