ECB's Trichet on information-sharing's importance

Jean-Claude Trichet, the president of the European Central Bank, believes it essential for central banks to share pertinent information about their domestic economies with their peers.

"Central banks have to take into account the multiple channels through which the major economies of the world are in close relationship," Trichet told the European Parliament on Wednesday, adding that the Global Economy Meetings, which take place in Basel six times a year, were very important for this reason.

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