Weber also pointed out that the inflation rate accelerated to a large extent caused by the price of short-term upward pressure on the central bank imposed the 1 percent benchmark interest rate level "is still appropriate , but the future of the line must be the development of the situation of rising prices to be very closely monitored.
Eurostat announced on January 14, amended the euro area consumer price index (CPI) rose 2.2 percent in December 2010, an increase of greater than 1.9 in November %, hitting its highest level since October 2008; December CPI rose 0.6% increase in two data are in line with the initial value announced on January 4 World Steel Pipe News .
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European Central Bank board member, German Bundesbank President Axel Weber said euro zone inflation rate in December two years for the first time exceeded the ECB's target ceiling of 2%, which means Eurozone inflation outlook will maintain the upward trend in the medium term.
European Central Bank President Jean-Claude Trichet had already said the bank's monetary policy meeting in January 2011, the recent euro-zone inflation accelerated to a temporary phenomenon, but the ECB will inflationWorld Steel Pipe . rate to remain vigilant to curb inflation will be a top priority of the line.
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