In an interview with German news magazine FOCUS, Trichet said the ECB -- as well as the U.S. Federal Reserve -- was determined to protect price stability.
'We always take the decisions necessary to guarantee price stability over the medium term: an inflation rate below, but close to, 2 percent,' he said.
'It is precisely because of the challenges posed by price stability that we stand ready for action at all times.'
The ECB held rates at a record low 1 percent this month and economists do not expect rate hikes until the end of the year.
Trichet brushed off questions about whether lifting euro-zone interest rates would prompt a rise in the euro without parallel steps by the Fed, saying he trusted in U.S. support for a strong dollar.
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|german news magazine|