ECB Monthly Bulletin, October 2005

The European Central Bank published its October 2005 Monthly Bulletin on Thursday 13 October. In the report the ECB reiterated that it is exercising strong vigilance on inflation risks coming from higher oil prices.

'Strong vigilance with regard to upside risks to price stability is warranted. It is essential that the increase in the current inflation rate does not translate into higher underlying inflationary pressures,' the ECB said in its October monthly bulletin.

'Inflation could remain

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