ECB's Trichet reaffirms price stability commitment

Jean-Claude Trichet, the president of the European Central Bank (ECB), explained the thinking behind the eurozone lender's recent policy decision and shift in stance.

After the ECB's most recent rate-setting meeting on 7 February, Trichet adopted a more dovish stance, stressing for the first time that the downside risks to eurozone growth were confirmed.

However, following the G7 meeting in Tokyo on 9 February, Trichet re-enforced the message that the central bank's primary objective is medium

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