(Reuters) - In a speech in Montreal that did not comment on specific
policy issues facing the ECB, Trichet said it would be wrong to
conclude that increased economic integration has caused lower
inflation, even though this has been the case since the
mid-1990s.
"Indeed, the sudden emergence of fast-growing economies in
the global economy is exerting upward pressure on prices for
mining products and fossil fuels. This phenomenon has been
particularly visible since 2003," he said.
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policy issues facing the ECB, Trichet said it would be wrong to
conclude that increased economic integration has caused lower
inflation, even though this has been the case since the
mid-1990s.
"Indeed, the sudden emergence of fast-growing economies in
the global economy is exerting upward pressure on prices for
mining products and fossil fuels. This phenomenon has been
particularly visible since 2003," he said.
Read more at Reuters.com Bonds News
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