ECB's Trichet: low inflation for 10 years - report

October 29, 2011 7:42 PM EDT

European Central Bank President Jean-Claude Trichet was quoted by a German newspaper as saying inflation in the euro zone would be "very low" over the next 10 years.

Share This Story

"In the coming 10 years, the inflation rate will most probably stay very low; current expectations are for around 1.8 percent," he told the mass-selling Bild am Sonntag newspaper.

"This means: in the euro zone we have price stability. This is something we are very proud of, and rightly so."

(Reporting By Sarah Marsh; Editing by Ralph Gowling)

Follow us

Copyright 2012 Thomson Reuters UK. All rights reserved.
Sponsor Link:

We recommend

News From Partners

More from Finance

Join the Conversation

Popular Multimedia

IBTimes TV
More

73 yr Old Becomes Oldest Woman to Climb Mount Everest

Most Viewed

1 2 3
  1. IMG TXT
    Video of Parents Locking Child in Washing Machine Goes Viral
  2. IMG TXT
    Facebook Shares Fall Sharply in Morning Trade Following Shaky IPO
  3. IMG TXT
    Police Use Batons Against Protesters, Including Women, in India
  1. IMG TXT
    Fired for Being Too Busty, Lingerie Temp Will Sue
  2. IMG TXT
    Jaguar Luxury Sedan XJ Ultimate Wows Chinese Crowd
  3. IMG TXT
    Facebook Shares Drop Sharply Again, Leaving More Unanswered Questions
  1. IMG TXT
    World Bank Forecasts Lower Growth For China in 2012
  2. IMG TXT
    SpaceX Dragon Flies past the International Space Station
  3. IMG TXT
    Introducing the World’s Richest Woman Gina Rinehart
Most Read
  1. Spain's Bankia shares suspended: regulator
  2. Government plans migrant curbs if euro folds - paper
  3. Bankia, Catalonia pile on Spanish debt worries
  4. Bankia set to ask Spain for more than $19 billion
  5. Murdoch private eye targeted U.S. hedge fund boss

Global Markets
Existing Home Sales Jump, World Banks Lowers China Forecast, Euro Prepares for Greek Exit

Recommended for you
Close
  1. Spain's Bankia shares suspended: regulatorTrading in the securities of Spanish lender Bankia <BKIA.
  2. Government plans migrant curbs if euro folds - paperBritain is drawing up emergency immigration controls to combat any surge in economic migrants from Greece and other European Union...