Liikanen calls for more macroprudential tools in Finland
Bank of Finland governor says new tools should be provided before there is a need to use them
Erkki Liikanen has called for Finnish policy-makers to be handed new macroprudential tools, arguing they should be provided "in good time before there is a need to use them".
In his editorial statement in the latest Bank of Finland bulletin, published on June 9, the governor says macroprudential policy is key to managing risks related to household debt.
He notes the level of debt relative to the average level of income of Finnish households is lower than in the other Nordic countries, but higher
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