'We will act' on inflation if needed says Trichet

The European Central Bank sees clear signs that inflation will rise in Europe, president Jean-Claude Trichet told Euro am Sonntag.

He thereby reiterated comments made last week that the risk of rising inflation has increased with the recent surge in oil prices.

"If we see signs that the inflation gets out of control in Europe, we will act," Trichet said, adding that if inflation threatens to stay above 2 pct the ECB will hike interest rates.

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