ECB's Liikanen: Scale of ABS buys still under discussion

FXStreet (Łódź) - ECB Governing Council member Erkki Liikanen said on Tuesday that the scale of ECB's ABS and cover bond purchases, announced last week, hasn't been decided yet.

He stressed that the new measures should be implemented with caution and that the central bank should be wary of taking risks.

The ECB policymaker assured that the rate cuts carried out last Thursday were necessary, as recent data showed a slowdown of economic recovery in the Eurozone.