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Liikanen says ECB policy options include asset purchases
May 20, 2014 / 12:17 PM / 4 years ago

Liikanen says ECB policy options include asset purchases

HELSINKI (Reuters) - The European Central Bank has a suite of policy options to deploy if it needs to ease monetary policy further, including a broad-based asset-purchase programme, ECB Governing Council member Erkki Liikanen said.

Bank of Finland Governor Erkki Liikanen speaks during a press briefing on the release of the latest issue of the Euro & talous (Euro and Economy) journal in Helsinki, Finland March 15, 2012. REUTERS/Lehtikuva/Antti Aimo-Koivisto

ECB President Mario Draghi set out similar options in a speech in Amsterdam on April 24.

If deflation risks increase significantly, measures could include “non-traditional measures boosting demand, for example broad-based purchases of securities,” Liikanen said in presentation slides dated May 14 and published on the Bank of Finland’s website on Tuesday.

The ECB’s founding treaty prohibits it from buying government bonds in the primary market.

Reporting by Sakari Suoninen; Editing by Hugh Lawson

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