European Central Bank official Lein urges interest rates to remain flexible and confirms candidacy for Vice President position.

On November 4th, Erkki Liikanen, a member of the European Central Bank's Governing Council and the Governor of the Bank of Finland, stated that the central bank must keep all options open in the face of both upside and downside risks to the inflation outlook. In addition, he confirmed that he will run for the position of Vice-President of the central bank next year. Liikanen said that while uncertainty has eased, it still remains high. "In this environment, maintaining full flexibility in decision-making is crucial, and we will not commit to any specific interest rate path," Liikanen said. He is expected to succeed the current Vice-President of the European Central Bank, Luis de Guindos, whose term ends in May 2026.