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Trichet continued credibility of monetary policy implies constant alertness and the anchoring of inflation expectations, European Central Bank President Jean-Claude Trichet said in the foreword of a special monthly bulletin released Thursday and dedicated to the 10th anniversary of the European Central Bank.
Elsewhere in the mostly backward-looking bulletin, the ECB wrote that continued challenges ahead would "require vigilance and attention" and that there is no room for complacency since inflation persistently above 2% since the euro's inception "does not comply with the aim of the Governing Council."


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