ECB's Trichet vows to stop knock-on inflation rises
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The European Central Bank is determined to prevent higher oil and food prices driving up inflation more broadly, President Jean-Claude Trichet said on Wednesday.
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The European Central Bank repeated concern Thursday about inflationary pressures in the 13-nation eurozone, a day after saying it would join a coordinated liquidity injection with four other central banks.
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UK interest rates are expected to go up  later this week as the Bank of England moves to combat inflation.
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The European Central Bank will not  hesitate to act to stop higher oil and food prices driving  broader inflation, President Jean-Claude Trichet told a  European Parliament committee on Wednesday.
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The European Central Bank must ensure  that current levels of inflation are short-lived and do not  lead to higher wage increases, ECB President Jean-Claude  Trichet said in an interview published on Friday.
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European Central Bank President Jean-Claude Trichet on Sunday brushed off French criticism of the ECB, saying that sticking to its job of ensuring price stability was the best way to promote growth and jobs.
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The European Central Bank stood firm against the headwinds of global economic turmoil, citing the threat of higher inflation as it declined to follow the Bank of England's lead and reduce borrowing costs Thursday for its 15-nation region.
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The European Central Bank holds interest rates at 3%, amid signs of easing eurozone inflation.
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In an interview with the BBC, ECB president Jean-Claude Trichet says there is no reason to doubt the underlying health of the European economy.
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The head of the European Central Bank said Thursday there is growing concern about higher energy prices increasing inflationary pressures.
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Jean-Claude Trichet, president of the European Central Bank, is standing resolute about inflation, but he is watching the American economy closely.
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The eurozone interest rate is raised to 3.5% as the European Central Bank keeps a close rein on inflation.
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WASHINGTON -- Continuing concerns about inflation underpin the Federal Reserve's stand against changes in interest rates.
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BASEL, Switzerland  - Central banks around the world should raise interest rates further to curb inflation pressures, the Bank for International Settlements said on Sunday.
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As policy makers around the world respond to the threat of accelerating inflation, The Bank of England yesterday raised interest rates for the fifth time in little less than a year and Jean-Claude Trichet, president of the European Central Bank, hinted at a possible rate increase later this year .
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Business & money: Bank could step in to tackle fresh inflation fears.
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Analysts are unanimous in their prediction that the European Central Bank will increase its key interest rate Thursday, but investors are more interested to hear what bank president Jean-Claude Trichet says afterward.