06.11.2008 16:43

ECB TRICHET: Expect bank sector to help restore confidence

- Council will keep inflation expectations anchored
- Will monitor very closely all levels
- Face extraordinary high uncertainty
- World economy feeling market turmoil's adverse impact
- Latest data confirm econ momentum weakened significant
- Tighter financial conditions, slower demand in EMU
- Of utmost importance to keep discipline in economic policy
- Of utmost importance to avoid 2nd-round effects
- Crisis to dampen demand for protracted period ahead
- Inflation to continue to decline ahead
- To reach price stability during course of 2009
- Number of downside growth risks have materialised
- 2nd-round effects still a risk to price stability
- No signs of drying up of bank loans to households, corpotates
- Fin turmoil likely to dampen EMU, global demand






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