28-Sep-2010 7:28 AM

European Central Bank expects moderate growth in euro region

European Central Bank President Jean-Claude Trichet said economic growth and inflation in the euro region would likely remain moderate, stating: “We expect the recovery to proceed at a moderate pace, with a positive underlying momentum but also with uncertainty surrounding the outlook" (Bloomberg, 27-Sep-2010). He added that while the Bank’s monetary-policy stance is “accommodative”, the Governing Council considers the current interest rates “appropriate” for the inflation outlook, stating: “The rate of inflation could increase slightly in the short term but should remain moderate over the policy-relevant horizon.” 

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More