ECB’s Liikanen - Rates to stay low well past the horizon of asset purchases

European Central Bank (ECB) member and governor of Finland's central bank Erkki Liikanen was on the wires assuring markets that interest rates would stay low well past the horizon of asset purchase program.

Key Quotes

Taking into account the current inflation outlook, our policy rates are expected to remain at present or lower levels for an extended period of time, and well past the horizon of the asset purchases

If the outlook or financing conditions deteriorate, the ECB still has capacity to boost inflation and growth

Economic slowdown, particularly in China, and increased market uncertainty, has weakened the outlook for the euro zone