ECB representative Liikanen believes that it will take time to increase inflation

The representative of the European Central Bank, Erkki Liikanen, speaking in the Parliament of Finland, said that it will take time for the basic inflation in the euro area to affect the acceleration and support the growth of the overall inflation. According to him, to achieve the ECB inflation target of about 2%, a soft monetary policy is needed. Liikanen noted that there is exceptional uncertainty about how unconventional monetary policy works. According to the preliminary data of the Statistical Office of Eurostat, consumer prices in the euro area grew by 1.4% in March in annual terms, noting the maximum growth since the end of 2017.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong