ECB's Liikanen: We are not done yet

FXStreet (Barcelona) - Finnish central bank governor and ECB Governing Council member Erkki Liikanen said on Tuesday in Helsinki that the ECB was prepared to take further action to combat prolonged low inflation which could have an adverse effect of price stability and the economic recovery in the Eurozone.

Liikanen stressed that ECB's pledge to provide cheap loans to banks until the end of 2016 shows its "determination for keeping high monetary accommodation in view of the current outlook for inflation."

Moreover, the ECB policymaker said that the extensive package of measures introduced last week should ease transmission difficulties. He added that the Governing Council was working on an ABS plan.