Comments by ECB's Erkki Liikanen
- Underlying inflation in Eurozone remains lower than expected even if growth is robust
- Gradual tightening of monetary policy will rest on a more solid basis when there is indication of inflation potentially temporarily exceeding 2%
- Eurozone inflation is sustainable when ECB's price stability objective can be met without an exceptionally accommodative monetary policy
Liikanen also adds that inflation may remain lower than expected for some time still, as reducing economic slack may no longer cause inflation to rise as it has in the past.
A more conservative approach as compared to the comments by Vasiliauskas earlier here.
