Trichet Signals ECB Sticking to Exit After Fed Eases

European Central Bank President Jean-Claude Trichet signaled the bank intends to stick to its exit strategy even after the Federal Reserve eased policy further, sending the euro to a 10-month high, and tensions on Europe’s bond markets increased.

Policy makers will decide on possible further exit steps next month, Trichet said at a press conference in Frankfurt today after the ECB left its benchmark interest rate at a record low of 1 percent. “The non-standard measures are by definition temporary in nature,” he said.