ECB’s Liikanen: Rates would remain low beyond the end of bond purchases

Erkki Liikanen, Finnish central bank president and ECB governing council member, said in an interview with Handelsblatt late-Tuesday, ECB does not plan to increase interest rates for the time being.

Key Quotes:

 “We have stated that rates would remain low beyond the end of the [bond] purchases,” 

It’s important maintaining “an inflation target close to 2 percent for the euro-area,” though “some countries have been above – some countries have been below.”