March 25, 2011 / 10:03 PM / in 7 years

ECB's Gonzalez-Paramo - price stability risks up

WASHINGTON, March 25 (Reuters) - ECB Executive Board member Jose Manuel Gonzalez-Paramo said on Friday inflation risks have risen in the euro zone and repeated the central bank’s pledge to remain strongly vigilant in the face of them.

“Risks to price stability were and remain on the upside and this is the situation in which a central bank whose mandate is to preserve price stability ... has to remain strongly vigilant,” he told reporters after a speech at Georgetown University.

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