ECB Monthly Bulletin, November 2006

The European Central Bank published its November 2006 Monthly Bulletin on Thursday 9 November. In the report the ECB reiterated that it needs to exercise "strong vigilance" on inflation risks.

"Strong vigilance remains of the essence so as to ensure that medium to longer-term inflation expectations in the euro area remain solidly anchored at levels consistent with price stability," the ECB said in the November monthly bulletin.

The ECB said its monetary policy stance remains accommodative and

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