Anchoring inflation key - Finland's Liikanen

The anchoring of inflation expectations in line with price stability is of prime importance, said Erkki Liikanen, the governor of the Bank of Finland. Rising commodity prices should not be allowed to generate second round effects on euro area inflation.

Finnish inflation has also gathered pace and the central bank envisages inflation running at a full 3% this year slowing gradually from 2009 onwards.

Finland's inflation will be driven partly by large pay rises in new collective agreements that

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