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ECB President Forecasts Rise in Inflation Rate on Emerging Markets

The global economic is leaving the financial crisis stage, says Jean-Claude Trichet, the President of the European Central Bank (ECB).

In his interview to the Freedom radio station, Trichet focused on the positive role the emerging economies are playing in the process of the global economic recovery. At the same time, he noted that these countries would face rise in inflation rate.
Commercial banks are to arrange their balance sheets following the crisis to make contribution to strengthening the global economics, Trichet said.