Trichet: Central bankers optimistic on economy

The president of the European Central Bank, Jean-Claude Trichet, said on Monday 7 March that central bankers are cautiously optimistic about the global economy.

Trichet said the economy has absorbed the effect of high oil prices more easily than during previous increases, and that prospects are "reasonably steady."

Trichet spoke following a meeting with colleagues from the Group of 10 association of top central bankers at the Swiss-based Bank for International Settlements. The BIS is known as

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