61.   Evidence of benign U.S. inflation released last weekend doused widespread expectations that the Fed will tighten credit.

62.   Fed Chairman Alan Greenspan has said the central bank would be forced to tighten credit if the economy did not slow quickly on its own.

63.   Growth has slowed as a result of government measures to control inflation by tightening credit.

64.   Greenspan said economic reports due later this week will help determine whether the Fed will further tighten credit.

65.   He also said the bank will have to sharply tighten credit to counteract the inflationary impact of the move.

66.   He said economic reports due later this month will help determine whether the Fed will further tighten credit.

67.   In New York overnight, the dollar rose against the yen and the German mark on speculation that the U.S. Federal Reserve may tighten credit.

68.   In October, the government tightened credit, fearing an upsurge in inflationary pressure.

69.   It added banks would tend to tighten their credit due to concerns over problem loans specially foreign currency loans and loans to the slumping property sector.

70.   Last year the central bank tightened credit six times in an effort to slow economic growth and forestall inflation.