Speculation of more action will weaken the current program – ECB’s Liikanen

FXStreet (Mumbai) - The European Central Bank (ECB) member Liikanen played down the fears that ECB would do more easing to combat deflation by stating that there is no need to panic about inflation and that talks of more easing would reduce the effectiveness of the current program.

Key Quotes

“ECB should not take hasty policy decisions in response to recent lower inflation”

“ECB must keep to its mandate, Must be alert on the downside risks to growth”