Trichet: asset prices impact policy
As part of our strategic decision to enhance monetary analysis, the European Central Bank (ECB) has conducted research looking at monetary and credit developments so as to better understand their impact on macroeconomic outcomes and interaction with asset price dynamics plays an important role in this work, said Jean-Claude Trichet, the president of the central bank.
Trichet said the results of this research were increasingly being integrated into the ECB's regular assessment of monetary
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