FILE PHOTO: Former European Central Bank President Jean-Claude Trichet (L) attends a conference organised by EU40, a network of members of the European parliament addressing those under 40 years of age, with Eurogroup Chairman and Luxembourg’s Prime Minister Jean-Claude Juncker (R) at the European parliament in Brussels March 27, 2012. REUTERS/Yves Herman
May 29, 2019
TOKYO (Reuters) – Former European Central Bank President Jean-Claude Trichet said on Wednesday it was not right to think that central banks must achieve exactly the level of inflation they target in a set period of time.
“There is a consensus among central banks that real success is to solidly anchor inflation expectations in the medium- to long-term in line with their definition of price stability,” Trichet said in a speech at a conference hosted by the Bank of Japan in Tokyo.
(Reporting by Leika Kihara; Editing by Chang-Ran Kim)
