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(CEP News) Frankfurt - Following the European Central Bank's decision to keep its main refinancing rate unchanged at 4.25% on Thursday, ECB President Jean-Claude Trichet said upside risks to price stability had been confirmed by recent data releases.
Trichet also noted some signs of moderation in both monetary and credit aggregates within the euro zone. In his introductory statement, Trichet stressed the need to avoid broad-based second-round inflation effects. Maintaining price stability is the main objective, Trichet said, adding that the current monetary policy stance would contribute to said objective. The ECB "will monitor very closely" all events, Trichet said. By Todd Wailoo,
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, edited by Stephen Huebl,
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