ECB asset purchases ‘having an impact’

The impact of asset purchases by the European Central Bank is visible in the euro-area economy, according to Governing Council member Erkki Liikanen.

“Monetary-policy decisions and the measures taken have already had a clear, positive impact on the economic outlook” said Liikanen, who also heads the Helsinki-based Bank of Finland, yesterday.

“The ECB is committed to delivering on its primary mandate: price stability,” he said.