ECB should stay patient, avoid hasty QE action

October 6, 2015 1:20 PM

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FRANKFURT Oct 6 The European Central Bank should stay patient and not take hasty action to adjust its asset purchase programme after euro zone inflation turned negative last month, Governing Council member Erkki Liikanen told German newspaper Boersen Zeitung.

The asset purchases, known as quantitative easing, will boost inflation and growth, the paper quoted Liikanen as saying. He said it was still early in the programme, making speculation that the ECB would increase the buys premature.

Also read: Draghi Defends ECB’s Easy-Money Policies

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