ECB ASMUSSEN: Financial market calm no reason to let up on reforms

Market news

6 December 2012

ECB ASMUSSEN: Financial market calm no reason to let up on reforms

--No sign of medium term inflation risks increasing

--EMU bank credit supply,demand remain low

--See concrete, measurable progress in EMU periphery

--ECB forecast revisions don't change need for fiscal consolidation

--ECB OMT aims to remove fx risk, not unify interest rates

The price of gold rose above $ 1700 dollars

GBP / USD The British pound updated intraday low 1.6072

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