RISKS ON M-TERM PRICE STABILITY NOW MORE BALANCED
HIGH OIL/WEAK EURO IMPACT ON HICP STILL COMING THRU
EMU INFLATION RISKS MORE BALANCED THAN END 2000
INFLATION MAY NOT FALL QUICKLY IN MONTHS AHEAD
REMAINS CRUCIAL EMU WAGE INCREASES REMAIN MODERATE
ECB DECISIONS NOT MADE BASED ON REGIONAL INTERESTS
ECB STANCE SAME AS FOUR WEEKS AGO
ECB DID NOT DISCUSS ENDING REFI MIN BID RATE REGIME