ECB's Trichet on economic and monetary issues

In the testimony given on 21 June Jean-Claude Trichet of the ECB said the insight that price stability is the primary goal for monetary policy has also been translated into the mandates of central banks of advanced economies and also of a very large number of emerging economies.

"For instance, it is the case in the UK, it is the case in Japan, it is the case in Canada, in Australia and New Zealand. Price stability is the goal of modern monetary policy around the world," Trichet said in testimony

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