ECB boss defends bank's anti-inflation focus

Trichet repeated the ECB's mantra that price stability was its primary goal saying "there is no place for complacency."

The credit crisis has changed the usual landscape for central bankers, in particular the ECB. It is caught between soaring inflation in euro nations -which would usually call for a rate hike -and slowing growth that sees some demand a rate cut to boost borrowing and stimulate sluggish household spending.