Article: ECB won't follow Fed in cutting interest rates Trichet asserts inflation is still focus of policy

Carter Dougherty The New York Times Media Group
International Herald Tribune
01-24-2008
ECB won't follow Fed in cutting interest rates Trichet asserts inflation is still focus of policy
Byline: Carter Dougherty The New York Times Media Group
Edition: 5
Section: NEWS

DAVOS, Switzerland --

The president of the European Central Bank gave a full-throated defense Wednesday of the bank's determination to fight inflation, quashing hopes - at least for now - that it might follow the U.S. Federal Reserve in lowering borrowing costs to contain an economic slowdown now spreading outward from the United States.

Jean-Claude Trichet, the ECB president, said the bank, which hinted this month that it might ...

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