Trichet: ECB price stability the Fed and the unity of purpose
Sina Finance afternoon of January 28 hearing, according to foreign reports, the European Central Bank President Jean-Claude Trichet on Thursday said the World Economic Forum in Davos, the Federal Reserve, European Central Bank, Bank of England to maintain price stability is consistent with the purpose of , although several central bank policies against the practice of quantitative easing.
Jean-Claude Trichet said the ECB did not take issue money to buy bonds and other securities of the quantitative easing policy; European banks during the financial crisis provided a limited mobility.
"I think between the various central banks, our goal is very consistent, that is, medium-term inflation expectations to guide our understanding of price stability in line. For Europe, that is slightly less than 2% levels. "Trichet said the central bank a different approach because the United States and Europe, different economic structures. (Dorje)
