LONDON (MNI) – European Central Bank President Jean-Claude Trichet
refused to add to comments he made at the ECB press council, but
stressed that inflation expectations remains very solidly anchored.
In comments made during a Bloomberg television interview, Trichet
said that current policy rates are ‘appropriate’ and insisted that the
central bank is never precommits to any rate decision.
“We are never precommitted so you will never have for me a
pre-commitment to do something or not to do something, we will do always
what is necessary (to deliver price stability).”
Trichet continued:
“We consider that our present interest rates are appropriate and as
I said, there is nothing new there. We always take the decision to
deliver price stability,” he added.
“We have a very solid anchoring of inflation expectations. That is
a necessary condition for accompanying the recovery,” he said.
Trichet said that data confirmed that the recovery is ongoing month
after month and that the ECB was reasoning medium term on inflation.
–London newsroom: 0044-207-862-7492: email: ukeditorial@marketnews.com
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