Bloomberg.com: ECB's Trichet Sees Risk of `Exploding' Inflation - by Gabi Thesing
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ECB's Trichet Sees Risk of `Exploding' Inflation - by Gabi Thesing
European Central Bank President Jean- Claude Trichet, who may raise interest rates tomorrow, said there's a risk of inflation ``exploding'' if central banks don't act decisively. ``We central banks have a big responsibility,'' Trichet told Germany's Die Zeit newspaper. ``If we're not decisive, there's a risk of inflation exploding. If we act in a decisive way, we can master the situation.'' The ECB confirmed the comments, which were made on June 23 for an article to appear tomorrow.
Labels: EU, European Economy
