The Associated Press March 7, 2011, 8:20AM ET

Central bankers focused on inflation, imbalances

The world's leading central bankers say they are keeping a keen eye on inflation as global growth picks up, driven mainly by faced-paced markets in China, Brazil and India.

European Central Bank chief Jean-Claude Trichet said Monday the bankers' common aim is "to continue to anchor solidly inflation expectations." He spoke Monday on behalf of central bankers that meet in Switzerland every other month and represent four-fifths of the world's economy.

Trichet shocked markets last week by saying eurozone interest rates could be raised in April to keep inflation in check.

He said central bankers agreed on the importance of "the progressive reduction of imbalances" -- evening out some countries' large trade surpluses with others' deficits and making currency markets flexible.


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