29/08/2005 (Agence Europe) - At the summit of Central Bank Governors, which was held at the end of last week in Jackson Hole, Wyoming, by invitation of the president of the Federal Reserve, Alan Greenspan, the president of the European Central Bank, Jean-Claude Trichet, defended the policy followed by the ECB (which has kept its main interest rates unchanged at 2% since June 2003). Mr Trichet thus warned against any "activist monetary policy", explaining that if the Bank reacted "too strongly" to the fluctuations of the economic indicators, it would be "running the risk of pursuing an erratic policy" and of "disorienting the markets". He feels that rather than do this, the Central Bank should instead keep a steady course, to allow it to play "the role of a lighthouse, or rather that of a lightship in the storm".