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Trichet sees upside inflation risks, downside growth risks

LONDON (MarketWatch) — European Central Bank President Jean-Claude Trichet pointed to the central bank’s dilemma in his opening statement following the bank’s decision to keep rates at 4% — upside risks to inflation from energy and food prices and wage deals, and downside risks to economic growth. Financial market tensions still exist, he said. The euro slipped 0.4% to $1.5327.
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Original post by Forextvblog

This entry was posted on Thursday, May 8th, 2008 at 8:39 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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