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12 Mar 2015
ECB hasn't deliberately pushed the euro to its current multi-year lows – ECB’s Liikanen
FXStreet (Mumbai) - The ECB's current monetary policy is not deliberately directed toward depreciation of the single currency, the bank's Governing Council member Erkki Liikanen said on Wednesday.
In a speech entitled "The ECB and its watchers", Liikanen denied that the bank's goal was to push the euro lower - currently sitting at a 12-year low versus the US dollar - so that the bloc's economy might revive through cheaper exports.
The governor also reassured markets that the sovereign debt purchases will last "until September 2016, or longer".
In a speech entitled "The ECB and its watchers", Liikanen denied that the bank's goal was to push the euro lower - currently sitting at a 12-year low versus the US dollar - so that the bloc's economy might revive through cheaper exports.
The governor also reassured markets that the sovereign debt purchases will last "until September 2016, or longer".