ECB Monthly Bulletin, January 2007

The European Central Bank published its January 2007 Monthly Bulletin on Thursday 18 January. In the report the ECB said it will continue to monitor all economic developments very closely to ensure that euro zone inflation remains under control.

"Very close monitoring of all developments is of the essence so that risks to price stability over the medium term do not materialise," the ECB said in its January monthly bulletin.

"Looking ahead, acting in a firm and timely manner to ensure price

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