We consider the Liouville theory in fixed Euclidean AdS2 background. Expanded near the minimum of the potential the elementary field has mass squared 2 and (assuming the standard Dirichlet b.c.) corresponds to a dimension 2 operator at the boundary. We provide strong evidence for the conjecture that the boundary correlators of the Liouville field are the same as the correlators of the holomorphic stress tensor (or the Virasoro generator with the same central charge) on a half-plane or a disc restricted to the boundary. This relation was first observed at the leading semiclassical order (tree-level Witten diagrams in AdS2) in [19] and here we demonstrate its validity also at the one-loop level. We also discuss arguments that may lead to its general proof.