ECB Monthly Bulletin, October 2004

The European Central Bank published its October 2004 Monthly Bulletin on Thursday 14 October, saying that record oil prices are threatening to slow the pace of the economic recovery in the dozen nations sharing the euro.

"Any central scenario for future developments is surrounded by significant uncertainty, which at present is related particularly to oil prices," the ECB said in its monthly report for October. "If oil prices were to remain high, or even increase further, they could dampen the

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