Friday, January 25, 2008

ECB - still talking tough on inflation

....but actions speak louder than words.

FRANKFURT (Thomson Financial) - European Central Bank Governing Council member Axel Weber said the bank is ready to take pre-emptive action if long-term expectations on inflation threaten to divert effectively from the ECB inflation targets, according to his Boersen-Zeitung interview due to be released tomorrow.

'We are ready to act preemptively if long-term inflation expectations threaten to divert sustainably from our inflation goals,' he said in the interview.