Trichet says ECB must not overreact on data

ECB chief Jean-Claude Trichet said on Monday 24 May that the central bank generally had to show 'sang-froid' and moderation in its reaction to economic developments. In a speech delivered in French he said the stability and growth pact does not need to be changed, but its implementation could be improved.

"We need to avoid overreacting, in either direction, to data, news, or the results of calculations which could later turn out to be erroneous," the former French central bank chief said in th

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: