Euro zone underlying inflation needs time to rise: Liikanen
HELSINKI (Reuters) - Underlying inflation in the euro zone will need time to accelerate and support the rise in headline inflation, European Central Bank policymaker Erkki Liikanen said in a presentation to the Finnish parliament on Tuesday.
In slides prepared for a hearing, Liikanen said there was an exceptional amount of uncertainty about how unconventional monetary policy worked but argued that easy monetary policy remained necessary for inflation to rise back to the ECB's target of almost 2 percent.
(Reporting by Jussi Rosendahl; Writing by Balazs Koranyi)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wall St futures drop as oil spikes after Trump rejects Iran peace proposal
- EU imposes sanctions over deportation of Ukrainian children to Russia
- Britain seeks compromise over blocked Orange Order march in Northern Ireland
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share