Central Banks Should Resist Peer Pressure to Ease, Says Trichet

Central bankers should be careful not to ease monetary policy in response to actions by their peers, which may lead to an excessively accommodative stance globally, the former head of the European Central Bank said.

While the U.S. and Europe aren’t trying to weaken their currencies, their unprecedented monetary stimulus has consequences on the global foreign-exchange market, former ECB President Jean-Claude Trichet said in an interview in Singapore on Tuesday.