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-- Evidence of S-T up pressure on infl -- Upward infl pressure due mainly energy -- See price stability over policy horizon -- Data consistent w/positive econ momentum -- Uncertainty elevated -- M-T infl pressures contained -- Infl expectations firmly anchored -- Firm anchoring of expectations of essence -- Current pol stance accommodative -- To adjust policy as appropriate -- All nonstandard measures temporary -- To monitor all devels very closely -- Recent data,surveys confirm positive econ momentum -- 2011 exports shld benefit from world recovery -- Biz confidence relatively high in emu -- Accom monpol shld support private demand -- Recovery to be damepened by bal sheet adjustment -- Risks to econ are still slightly downside -- Uncertainty elevated -- Global trade may grow faster than expected
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