ECB to scale back liquidity measures

20/11/2009 - 16:43:10
The European Central Bank is to scale back its liquidity measures amid fears they could be fuelling inflation.

The ECB President Jean-Claude Trichet said certain fiscal stimulus measures were no longer necessary.

The eurozone officially emerged from recession during the third quarter of this year, registering growth of 0.4%.

However Mr Trichet said it is still too early to declare the financial crisis over.