ECB plans review of inflation risks

EUROPEAN Central Bank president Jean-Claude Trichet said the bank is reviewing its assessment of inflation risks after growth in the 17-nation eurozone slowed.

“Risks to the medium-term outlook for price developments are under study in the context of the ECB staff projections that will be released early September,” Trichet told the European Parliament’s economic committee in Brussels yesterday.

The comments contrast with Trichet’s last policy statement on August 4, when he said risks to the inflation outlook were “on the upside”.