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Ah, comes the reply, we need to maintain price stability in order to support the mystique.
ECONOMIST: THE DIAMOND BUSINESS
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When the ECB came into existence on June 1, 1998, its overriding objective was to maintain price stability within the European Monetary Union.
FORBES: Quantitative Easing in the Eurozone:Enter the ECB
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One clause even calls for the state to maintain price stability.
ECONOMIST: Ecuador's new constitution
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Since the ECB has a strict remit to maintain price stability, its dread of high inflation is greater than its fear of recession: hence the rate rise.
ECONOMIST: The euro-area economy: A warning shot | The
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ECB's treaty-prescribed duty is not to keep the economy at full steam but to maintain price stability, which it defines as a rate of inflation of no more than 2%.
ECONOMIST: European economies
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ECB's efforts to maintain price stability.
ECONOMIST: The continent��s jubilant left breaks free
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The Fed has a duel mandate: maintain full employment and price stability.
FORBES: Bernanke's Stimulus Fuels Market Rally, Inflation Concerns
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Sir Mervyn argued, in the long run, the Bank must maintain its 2% target, as price stability must remain the primary responsibility of all central banks.
BBC: Mervyn King calls for more action to boost economy
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We will boost domestic demand and maintain steady and robust growth as well as basic price stability.
BBC: China
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But it is also because many voters deeply value the price stability that Mr Cardoso has given them, and simply do not trust the left to maintain it.
ECONOMIST: Brazil