ECB’s Liikanen Says Interest Rates Won’t Stay Low
By Diana ben-Aaron
March 29 (Bloomberg) — European Central Bank Governing Council member Erkki Liikanen said interest rates won’t stay at the current level indefinitely, Maaseudun Tulevaisuus reported, citing an interview.
While low rates have eased the economic slowdown, households and businesses shouldn’t count on them forever, Liikanen was quoted as saying by the Helsinki-based newspaper. He declined to say when or by how much rates would increase.
“We decide the key central bank rate in the ECB council according to the requirements of the economic situation,” Liikanen said.
Blog Powered By
Follow Warren on TwitterError: Rate limit exceeded
- The week so far
- Small bus optimism index, wholesale inventories and trade
- Euclid Advance retail
- mortgage purchase apps
- State and local govt charts
- My Tuesday New School presentation has been postponed until May
- Obama- small govt conservative champion!
- capital expenditures
- Credit check- more deceleration
- ‘not in labor force, want a job now’ chart