October 29, 2011 / 11:40 PM / 6 years ago

ECB's Trichet: low inflation for 10 years: report

<p>Former ECB President Jean-Claude Trichet delivers a speech at the Humboldt University in Berlin, October 24, 2011. REUTERS/Thomas Peter</p>

BERLIN (Reuters) - European Central Bank President Jean-Claude Trichet was quoted by a German newspaper as saying inflation in the euro zone would be “very low” over the next 10 years.

“In the coming 10 years, the inflation rate will most probably stay very low; current expectations are for around 1.8 percent,” he told the mass-selling Bild am Sonntag newspaper.

“This means: in the euro zone we have price stability. This is something we are very proud of, and rightly so.”

Reporting By Sarah Marsh; Editing by Ralph Gowling

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