ECB Monthly Bulletin, October 2002

REPORT - The European Central Bank published its October 2002 Monthly Bulletin on 17 October. In the bulletin the ECB states that although liquidity is currently ample, there is a low risk of this translating into inflationary pressures in the near future. Current economic activity in the euro area remains subdued and third quarter GDP for 2002 may be similar to that of the first two quarters. The report adds that previous expectations of an acceleration in economic activity are unlikely to

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