Trichet Says ECB ‘Extremely Alert’ Ahead of June Forecasts
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European Central Bank President Jean-Claude Trichet said policy makers remain “extremely alert” on inflation, and indicated they may make further decisions on the pace of monetary tightening with new forecasts in June.
The ECB is “monitoring very closely all that will happen” after keeping its benchmark interest rate at 1.25 percent yesterday, Trichet told Bloomberg Television in an interview in Helsinki today. “We will of course have a new rendezvous with our new projections next month.”