Trichet on the ECB's Annual Report 2005

In a presentation of the ECB's Annual Report 2005 to the European Parliament on 26 October Jean-Claude Trichet of the ECB said reiterated that further tightening of ECB monetary policy will be warranted if the eurozone recovery continues in line with its expectations.

"If our assumptions and baseline scenario are confirmed, it will remain warranted to further withdraw monetary accommodation," Trichet told the European Parliament.

He said the ECB governing council will continue to "monitor very

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