Trichet speaks

By @ibtimes on

After raising interest rates in the EU Mr. Trichet said in the press conference that they will closely monitor inflation development, instead of using the word vigilance, yet he confirmed that the risks to growth inflation remains to the upside, and that the underlying monetary expansion is still moderate.

Trichet still sounded hawkish in his statement, with main focus on anchoring inflation and avoiding second round effects.

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