Mario Draghi, governor of the Bank of Italy and the front-runner to succeed Jean-Claude Trichet as president of the European Central Bank, said the ECB "very closely monitors all developments with respect to upside risks to price stability". Draghi said the next ECB president should seek the "highest level of credibility in the pursuit of the very same price-stability objective". If he becomes head of the ECB, Draghi said, he will not push for major changes. "I see no reason for introducing changes to the way we have conducted monetary policy in the past 12 years," he said.
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