The Bundesbank said in its November monthly report, released on Monday 17 November, that the ECB "could" be forced to raise interest rates as "It will be more difficult for monetary policy to guarantee price stability with low interest rates" with some states continued breaches of the EU's fiscal deficit rules. Otmar Issing expressed concern in an interview, also published Monday, that while the stability and growth pact is still alive, "the situation is utterly critical".
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