14.11.2008 15:38

ECB ORPHANIDES: Shouldn't consider more rate cuts unlikely

- Inflation outlook much more favourable now
- New Staff forecasts to be much more pessimistic
- Today's GDP data reflect real economy deterioration
- If inflation turns negative, only temporary
- ECB will act appropriately;price stability always focus
- Seeing real impact of financial crisis
- Energy price fall could lead to negative HICP






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