Trichet on Interest Rates, Inflation and Financial Turbulence
added: 2007-12-20
Jean-Claude Trichet told the Economics Committee on Wednesday that the "hump" in inflation would be longer than previously projected and risks were on the upside. Growth for the eurozone should be at around potential in the year ahead, but risks to that projection were on the downside. The continuing turbulence in financial markets also featured strongly in the final "monetary dialogue" with the European Central Bank President of 2007.
