05.06.2008 16:50

ECB TRICHET: High HICP more persistent than previously thought - ECB Staff 2008 HICP range 3.2-3.6% vs Mar 2.6-3.2%

- 2009 HICP range 1.8-3.0% vs Mar 1.5-2.7%
- HICP projections for 2008/2009 markedly revised up
- Must recall Staff projections rest on assumptions