ECB Wellink: Inflation Above 5% Hard To Control With Policy ...Nasdaq: 3 views since Friday, August 8, 2008 at 09:25 AMAMSTERDAM -(Dow Jones)- As long as inflation remains below 5% it can be influenced by monetary policy, but at higher levels it is difficult for central bank policy makers to control the rise in consumer prices, Nout Wellink, member of the governing council of the European Central Bank said Friday.
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