17 January 2001, 12:01  ECB LIEBSCHER STILL SEES SOME EMU INFLATIONARY RISKS

ECB LIEBSCHER STILL SEES SOME EMU INFLATIONARY RISKS European Central Bank Governing Council member and Austrian Central Bank Governor Klaus Liebscher said, "over the medium term, there are still elements of upward risks to price stability which warrant close monitoring." This is a verbatim repetition of remarks in the ECB monthly bulletin that have prompted some observers to argue that the ECB's tone has softened and it is preparing for a rate cut. Liebscher also played down price stability risks in Europe, arguing that inflation rates remain low by international standards.

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