LONDON (MNI) – Euro zone inflation rates could temporarily increase
further but will achieve stability again at the end of 2011,
European Central Bank President Jean-Claude Trichet said today.
At the press conference following the ECB monthly governing
council meeting, Trichet said:
“We consider that inflation rates could temporarily increase
further” – adding – “going back to price stability by the end of the
year”
“We consider our inflation expectations to be firmly anchored,”
Trichet continued.
“We are permanently alert. We are never pre-committed not to move
interest rates”
“We have now 12 years of the euro. The average yearly inflation
over 12 years in the euro area is 1.97%”
“This is something that is remarkable in terms of track record,” he
added.
–London newsroom: 0044-207-634-1624: email: ukeditorial@marketnews.com
[TOPICS: MT$$$$,M$$EC$,M$X$$$]
