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To: pater tenebrarum who wrote (57249)	1/11/2001 4:49:08 PM
From: marginmike	Read Replies (1) \| Respond to of 436258

You figure Gold would get a nod from Europe's inflation no?

To: pater tenebrarum who wrote (57249)	1/11/2001 4:52:26 PM
From: AllansAlias	Read Replies (1) \| Respond to of 436258

I knew I had it somewhere... I copied this previously from a news item, most likely from Yahoo! UK or Forexnews. I'll see later if I can find the link. Sorry for the formatting: In order for the ECB to maintain its credibility, it must maintain a tight policy bias, alerting markets that it is in now way shrugging the gradual crumbling of its policy pillars.In its last press conference (December), the ECB signaled to the markets that it is the only remaining hawkish central bank in the G3, and is by no means about to follow the easing stance of the Fed, Bank of England or Bank of Japan. Not only it noted prevailing upside price risks, but it also announced it was not raising its 4.5% M3 reference target. This suggests the young central bank could still realistically draw nearer to its target, which could be made possible by a near-term rate hike.