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8 May 2015
QE successful in stimulating inflation expectations – ECB's Liikanen
FXStreet (Mumbai) - The quantitative easing program recently launched by the European Central Bank (ECB) has halted the decline in inflation expectations and is on the right track to boost the economy, ECB policymaker Erkki Liikanen said at a conference in Helsinki.
Key Quotes:
“We’re not at the levels where we should be, but the direction is right,”
“The markets are of course assessing their own actions, and it is reflected here. There will probably be some oscillations.”
Liikanen compared the ECB’s bond-buying program to a marathon, a 42-kilometer running event, “If this purchase program which is set to run until the end of September next year is a marathon, so far we’ve run four kilometres.”
Key Quotes:
“We’re not at the levels where we should be, but the direction is right,”
“The markets are of course assessing their own actions, and it is reflected here. There will probably be some oscillations.”
Liikanen compared the ECB’s bond-buying program to a marathon, a 42-kilometer running event, “If this purchase program which is set to run until the end of September next year is a marathon, so far we’ve run four kilometres.”