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

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

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.

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

“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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