DJ DOKUMENTATION/Einleitende Bemerkungen von EZB-Präsident Trichet

Dow Jones Newswires sendet im Anschluss die Einleitenden Bemerkungen des Präsidenten der Europäischen Zentralbank (EZB), Jean-Claude Trichet. On the basis of our regular economic and monetary analyses, we decided at today"s meeting to increase the key ECB interest rates by 25 basis points. This decision was taken to prevent broadly based second-round effects and to counteract the increasing upside risks to price stability over the medium term. HICP Inflation rates have continued to rise significantly since the autumn of last year. They are expected to remain well above the level consistent with price stability for a more protracted period than previously thought. Moreover, continued very vigorous money and credit growth and the absence thus far of significant constraints on Bank loan supply in a context of ongoing financial... [read full story]