ECB Monthly Bulletin, April 2007

The European Central Bank published its April 2007 Monthly Bulletin on Thursday 19 April. In the report the ECB said monetary policy remains on the "accommodative side", with key ECB interest rates moderate and ample liquidity in the euro area.

"Given the favourable economic environment, the ECB's monetary policy continues to be on the accommodative side, with the key ECB interest rates moderate, money and credit growth vigorous, and liquidity in the euro area ample by all plausible measures,"

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