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Thursday, September 07, 2006

Comments from ECB Earlier

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Comments which were passed earlier from ECB

ECB MERSCH:
EMU monetary policy still very accomodative
- No need for pronounced monpol support for economy
- ECB to withdraw support if economic outlook confirmed
- ECB determination not over end 2006
- No quarrel with market expectations for ECB moves
- ECB now in vigilant mode, will do as announced
- ECB goal not neutral rate, but price stability

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