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Article: Chief of European Central Bank insists to ensure price stability
- Article from:
- Xinhua News Agency
- Article date:
- May 16, 2008
CopyrightCopyright 2008 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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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 ...