Azerbaijan, Baku, March. 7 / Trend /
European Central Bank President Jean-Claude Trichet the world's central bankers are united in their aim to prevent surging oil prices from fanning broader inflation, Bloomberg reported.
"There is amongst central bankers a solid unity of purpose to continue to anchor solidly inflation expectations," Trichet said today in Basel, Switzerland, after chairing the Global Economy Meeting. In emerging nations "you see strong signs of inflationary threat" and in advanced economies "we are all looking at avoiding second-round effects and anchoring inflation expectations," Trichet said.
Global rate setters are growing more concerned about inflation threats as the world economy gathers strength and food and oil prices surge. Crude oil rose to the highest in 29 months in New York today as escalating violence in Libya renewed concern that supply disruptions may spread through the Middle East and North Africa.
