Trichet 'not satisfied' with inflation over 2%

Speaking at the Frankfurt Chamber of Industry and Commerce on Friday 5 May, Jean-Claude Trichet said the European Central Bank is 'not satisfied' with inflation above 2 pct in the euro zone.

'We are of course not satisfied with inflation above 2 pct,' Trichet said in the speech.

'Since the launch of the euro back in 1999, the inflation rate in the euro area has been on average slightly above 2 pct,' he said.

Trichet also said output growth in the euro zone has been 'disappointing'.

A major rea

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