Trichet defends ECB stance on rates

ECB president Jean-Claude Trichet said in an interview that the bank is "neutral" on interest rates but insisted any changes in the economic outlook will be considered. He also said the sharp rise in oil prices poses a risk to the global economy unless producing countries live up to their responsibilities.

In an interview with the FT on Friday, Trichet said "We consider presently risks to price stability to be balanced."

"We do not signal a bias but we keep all our options open, without excludi

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: