FXstreet.com (Barcelona) - The European Central Bank has published its monthly bulletin, where they analyze the evolution of inflation and the consequences of the financial markets crisis upon global economy.

The Bank confirms upward risks to inflation in the short term with the HICP inflation rate reaching 3.0% in November, as well as rusks rto price stability over the medium term, the ECB affirms its commitment to stand ready to counter upside risks to prce stability.

Although, according to the Bank, European economy is baseed on solid economic fundaments, the reappreaisal of the finanticial markets crisis has added uncertainty to the outlook of global economy, the Bank has affirmed that all developments will be closely monitored and will act in a firm and timely manner to ensure that second-round effects and risks to price stability over the medium term do not materialise.