Trichet on the newswires. Key headlines
- Rates are appriate
- Expect moderate pace or recovery. Latest data is stronger than expected
- To extend liquidity operations to January. This is an extension to get over the year end
- Current policy is accomodative
- Committed to price stability
- Emergency measures are temporary in nature
- 2010 1.4% to 1.8% from 0.7% to 1.3%. Due to 2nd quarter
- 2011 0.5% to 2.3% from 0.2% to 2.2%. INCREASED
- Risk to infltion are on the upside. Higher commodity prices cited
- Inflation estimate for 2011 1.2% to 2.2% vs prior est of 1.0% to 2.2%
- Medium term inflation is contained.




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