Erkki Liikanen: Monetary policy in theory and practice Speech by Mr Erkki Liikanen, Governor of the Bank of Finland, at the Turku School of Economics and Business Administration, Turku, 26 April 2006.
In view of the high rate of growth that the global economy has maintained, attention should also be paid to inflationary pressures. In the United States, inflationary pressures may not subside as a result of higher resource utilization, namely in labor and production capacity, coupled with developments in crude oil prices.