G10 central bankers warn on inflation

Following the meeting of G10 central bankers in Basel, ECB president and spokesman for the G10 said world economic activity would be decreased "without any doubt" by oil prices and spark inflation risks.

However, Trichet also noted that the world economy "keeps growing with dynamism" and said that for central bankers the hike in oil prices had been caused by the strength of demand.

Trichet and his colleagues met at the BIS in Basel, Switzerland to consider the state of the world economy and

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