ECB Monthly Bulletin, December 2006

The European Central Bank published its December 2006 Monthly Bulletin on Thursday 14 December. In the report the ECB said it will act decisively if necessary to keep inflation pressures in check.

"Looking ahead, acting in a firm and timely manner to ensure price stability in the medium term is warranted," the ECB said in the December monthly bulletin.

"The governing council will monitor very closely all developments so that risks to price stability over the medium term do not materialise," it

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