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Trichet also flagged slow growth ahead for the currency bloc and said even that was uncertain,parajumpers oslo.
"We expect the euro area economy to grow moderately, subject to particularly high uncertainty and intensified downside risks,parajumpers no," Trichet told a news conference after the ECB left rates at 1.5 percent, following hikes in April and June.
Inflation should fall below 2 percent in 2012,moncler jakke oslo, Trichet said,Moncler salg, and price risks were "broadly balanced."
That assessment marked a change from last month,Parajumpers long bear, when he said there were "upside risks to price stability." The change in the ECB's inflation view suggests it has abandoned its policy tightening course and that interest rates are now on hold.
"A very thorough analysis of all incoming data and developments over the period ahead is warranted," Trichet said. "We will continue to monitor very closely all developments."
(Reporting by Sakari Suoninen,parajumpers online, editing by Mike Peacock)