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ECB's Trichet Sees Growth Recovery in Q4, Reports RAI 1 |
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European Economy |
Written by CEP News |
Sep 07 08 22:03 GMT |
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(CEP News) - Speaking in an interview with RAI 1 at a meeting in Lake Como, Italy, European Central Bank President Jean-Claude Trichet said economic growth in the euro zone should recover in the fourth quarter of 2008.
"We have a trough in the second and third quarter this year and after this trough we will have a progressive increase in growth," said Trichet, echoing comments made at the Governing Council's press conference last Thursday when the central Bank left the main interest rate unchanged at 4.25%. The ECB President went on to reaffirm the central bank's commitment to continue fighting inflation which has soared far above the ECB's 2.0% target in recent months. By Erik Kevin Franco,
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, edited by Megan Ainscow,
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