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Via BloggingStocks:
Filed under: International markets, Indices, DJIA, Financial Crisis European Central Bank President Jean-Claude Trichet jolted the markets Friday with the announcement that the ECB will gradually withdraw the emergency cash injections it has added to the financial system, in order to prevent an acceleration in inflation."Not all our liquidity measures will be needed to the same extent as in the past," Trichet said at a conference in Frankfurt Friday, Bloomberg News reported. "Any non-standard measure whose continuation would pose a threat to the achievement of price stability must be undone promptly and unequivocally." Continue reading ECB Trichet's comments show central banks' delicate balancing act ECB Trichet's comments show central banks' delicate balancing act originally appeared on BloggingStocks on Fri, 20 Nov 2009 17:40:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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