Bloomberg News

Trichet Says ECB Will Continue to Be Faithful to Its Mandate

October 19, 2011

Oct. 19 (Bloomberg) -- Outgoing European Central Bank President Jean-Claude Trichet said the bank will continue focusing on its primary inflation-fighting mandate.

“Whatever the future holds, you can be sure that the ECB Governing Council will continue to be faithful to its primary mandate,” Trichet said during a speech in Frankfurt today. The ECB “will continue to be an anchor of stability and of confidence.”

Trichet said Mario Draghi will be a “great success” as ECB president.

To contact the reporter on this story: Jeff Black in Frankfurt at jblack25@bloomberg.net

To contact the editor responsible for this story: Gabi Thesing at gthesing@bloomberg.net


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