15 December 2005, 13:56 Trichet: ECB must not wait for inflation to develop before taking action
European Central Bank president Jean-Claude Trichet said the ECB must not wait for inflation to develop before taking action against it.
"We must not wait until inflation has taken a hold before fighting against it. Prevention is better than a cure," Trichet said in an interview with Paris Match magazine.
The ECB raised interest rates on Dec 1 and said that the move was intended to counter inflation risks following this year's
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