European Central Bank - Monthly Bulletin August

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Euro-area inflation expectations remain firmly anchored in the medium to longer term, notes the European Central Bank in its latest Monthly Bulletin.

The report also states that given the current economic outlook and projected public deficit and debt developments, further fiscal stimulus was not warranted. The report notes that budget plans for 2010, which were being finalised in a number of countries, and medium-term consolidation strategies should reflect a commitment to a swift return to

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