Trichet stresses importance of transparency
Jean-Claude Trichet, the president of the European Central Bank (ECB), said that ensuring that inflation expectations stay well-anchored was "of paramount importance".
Speaking at the annual congress of the European Economic Association on Monday August 27, Trichet said: "Financial markets and the public at large must have a good understanding of the systematic and conditional conduct of monetary policy, so that expectations about future price developments and the path of policy rates remain in
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