Finland’s Liikanen calls for rethink of open market operations

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Eurosystem central banks should adopt a new strategy to open market operations which distinguishes market rates for monetary policy with those that affect bank liquidity, Erkki Liikanen, the governor of the Bank of Finland, said on Friday.

At a seminar of the foundation for the Promotion of Securities Markets in Helsinki, Finland, Liikanen said: "Before the crisis, the Eurosystem accepted a wider set of assets as collateral than most of its peer institutions did. Furthermore, some of the

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