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- ECB's Draghi says it is too early to declare success, underlying inflation pressures continue to remain subdued and have yet to show a convincing upward
ECB's Draghi says it is too early to declare success, underlying inflation pressures continue to remain subdued and have yet to show a convincing upward
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Monetary policy measures always have side effects
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We do see that real estate dynamics or high household debt levels in some countries signal the risk of increasing imbalances
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We do not currently see compelling evidence of overstretched asset valuations at the euro area level
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Maintaining the current very substantial degree of monetary accommodation is still needed
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We are monitoring these various effects carefully
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