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European Central Bank's (ECB), governing council member and Governor of Finnish Central Bank Erkki Liikanen seem to have transformed himself as a dove heading into much awaited December meeting next week.
- Finnish Governor has been well known for his hawkish views, who as early as October called for patience and suggested that the bank should not hastily adjust its asset purchase program but to let it run full course - "Let's keep the tempo and let's stick to our plan" and warned that speculating too early about doing more it weakens that has already been decided on.
Even those these comments were made just about a month back, Mr. liikanen seem to have redefined himself as a dove quite quickly.
- According to latest from him, deflation risks still persist in Euro area and ECB calling for actions from ECB, suggesting that the bank needs to hawk on either side.
So, do you still have fear/confusion whether ECB will act or not?
Have no fear, Doves are here.
