Finland's Liikanen: euro brought price stability

The European monetary union has fulfilled and even exceed expectations in terms of monetary and price stability, said Erkki Liikanen, the governor of the Bank of Finland.

For Finland's citizens this has meant historically low and stable interest rates and low inflation for most of the time, said the governor. He was addressing an audience at the Bank of Estonia.

However, he added, there is no clear answer to the question how much has Finland's participation in the EMU affected the performance

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