LONDON (MNI) – European Central Bank President Jean-Claude Trichet
said Thursday that monetary policy rates remained appropriate and that
the central bank would always do what is needed to maintain price
stability.
“We consider our present interest rates as appropriate, taking into
account all information we are gathering,” Trichet told reporters
following the ECB’s monthly Governing Council meeting in Frankfurt.
“We have a monetary policy stance with interest rates that are, in
our view appropriate,” he repeated. “We always do what is necessary to
ensure price stability.”
“Let me only say – as ‘appropriate’ – we mean according to the
market situation and the inflexible needle in our compass, which is our
major asset. I think that it was extremely important that the anchoring
of inflation expectations could function. Solid anchoring is something
of the essence for us”.
–London Newsroom: 00442078627492;
dthomas@marketnews.com/william.wilkes@ntkn.com/martin.degen@ntkn.com
[TOPICS: M$$EC$,M$X$$$,MGX$$$]
