Article: Chief of European Central Bank insists to ensure price stability

Chief of European Central Bank insists to ensure price stability

BRUSSELS, May 16 (Xinhua) -- The European Central Bank (ECB) will remain vigilant about rising inflation to maintain price stability in the medium term, the bank's President Jean-Claude Trichet said Friday.

"The ECB has always taken firm and timely action in its monetary policy. There is no place for complacency," Trichet told an audience at the Brussels Economics Forum organized by the European Commission celebrating the 10th anniversary of the euro.

The Frankfurt-based ECB has long held price stability to be its top priority, even when the eurozone economy is currently under increasing downside risks from financial ...

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