Trichet signals June rate rise with 'vigilance'

European Central Bank president Jean-Claude Trichet told the ECB's press conference Thursday 10 May that ``strong vigilance'' is required to contain inflation. A hint that interest rates will rise at the next meeting.

``Strong vigilance is of the essence to ensure that risks to price stability in the medium term do not materialize,'' Trichet told the press conference in Dublin after the eurozone central bank left its key lending rate at 3.75 percent. Rates are still ``moderate'' and ``on the a