ECB's Liikanen Anchor's Inflation Expectations
The Bank of Finland governor said inflation is not out of control, but that the situation is challenging and that people must trust the ECB to bring inflation down again. At the same time Liikanen sees a global growth slowdown and a drop in oil demand. Comments highlight the challenge for the ECB as growth slows and inflation remains high, but there is nothing in the comments that would suggest a change in policy. For now the ECB remains firmly focused on inflation risks.