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European Central Bank ready to intervene against inflation: Trichet

European Central Bank President Jean-Claude Trichet said Saturday that the bank was ready to act to control inflation — five days ahead of an ECB decision on whether to hike eurozone interest rates. “The ECB’s governing council stands ready to counter upside risks to price stability, in line with its mandate,” the French bank chief told a meeting of Germany’s centre-right Christian Democratic Union (CDU) party in Wiesbaden. Full Story

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