Market news
18.01.2011, 17:02

ECB WEBER: Inflation risks balanced, but upside risks could increase

  • EMU inflation over 2% not yet point to price stability danger;
  • Future price developments to be followed very closely;
  • Germany, EMU medium-term inflation still expected under 2%;
  • Data, surveys show inflation expectations firmly anchored ;
  • Expect Germany's 2011 public deficit at 2.5% of GDP;
  • See Germany's economy growing at more moderate pace;
  • Expanded long-term debt crisis mechanism sensible,necessary;
  • Euro at least as stable as D-mark and will remain so.

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