FXstreet.com (Barcelona) - The European Central Bank has renewed its commitment to monitor economic developments very closely in order to maintain price stability in the Euro Zone, according to its latest Monthly Bulletin.

The bulletin underlines upside risks to the Banks outlook in inflation outlook due to vigorous money and credit growth, and the Bank's monetary policy will aim to counterweight those risks in order to keep CPI growth below the 2.0% annual growth rate.

The Bank's bulletin however, stated the fact that uncertainty about the economic outlook has increased due to financial market developments, and therefore, there have not been observations about the monetary policy being on the accommodative side, which gives ground to the idea that the higher interest rates' monetary policy might be ending.