Helter Skelter in a Summer Swelter...

ECB Mersch: We have never said that we can only act every three months and only by 25 bp; there are several indications which point to increased upward risks to price stability
ECB Bini Smaghi: In the next few months, monetary policy will continue to follow the same strategy of adapting interest rates in relation to inflationary pressures and the pace of growth
ECB Wellink: ECB is always vigilant; the bank will not be prevented by its traditional summer break from making decisions ....

I give you a four leaf clover, take all worry out of your mind...