The ECB must also keep an eye on inflation, which remains stubbornly above its goal of just under 2 percent. The annual rate was 2.7 percent in September.
European governments have already had to bail out three countries — Greece, Ireland and Portugal — when they could no longer borrow at affordable costs and keep servicing their debts.
Cyprus has also asked for a bailout and Spain has received a commitment of up to €100 billion to repair its shaky banks which suffered heavy losses on real estate loans.
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