ECB's Liikanen assures additional measures would be taken on deflation risk

FXStreet (Łódź) - ECB governing council member Erkki Liikanen said on Tuesday that if the deflation threat intensified in the Eurozone, the central bank would act to counter it by implementing additional measures.

"Should it become necessary to further address risks of too prolonged a period of low inflation, the Governing Council has underlined that it is unanimous in its commitment to using additional unconventional instruments," Liikanen stressed.

He pointed out however that ECB monetary policy alone can't resolve the crisis and that Member States need to continue carrying out structural reforms, to boost growth in the EU.