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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: zonder who wrote (18153)	12/9/2004 9:15:08 AM
From: mishedlo	Read Replies (1) of 116555

ECB sees upside risks to price stability, says continued vigilance essential [Zonder these guys are simply nuts. Now Perhaps you agree with inflation risks but that is not what I am talking baout. They are talking about possible hikes just BEGGING for the Euro to go up. It makes no sense to be saying stuff like this while bitching about their currency. They should make up their minds IMO or just quit bitching - Finally they just do not seem to get it that rising oil is NOT inflationary. That of course is my view in this current market. Others may disagree that is how I see it - mish] Thursday, December 9, 2004 10:00:46 AM afxpress.com FRANKFURT (AFX) - The European Central Bank reiterated that it is concerned about inflation risks. "There are upside risks to price stability over the medium term. Continued vigilance is of the essence with regard to those risks," the ECB said in its December monthly bulletin. The ECB said the short-term outlook for inflation is worrisome because of high oil prices, but there is no significant evidence yet of a build-up in underlying domestic inflation pressures. The editorial of the bulletin closely matched ECB president Jean-Claude Trichet's introductory statement to the bank's Dec 2 news conference

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