Brussels, 08/07/2004 (Agence Europe) - The monthly bulletin of the European Central Bank (ECB) published on Thursday confirms inflation figures and the still relatively distant prospect of returning to a rate that is in keeping with the goals of the ECB (see EUROPE of 2 July, p.16). The reasons, already evoked by Mr Trichet after the Governing Council on 1 July, still mainly relate to the upward pressure exerted by oil prices.
The stakes mentioned in this bulletin include the slowdown in...