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MW: Trichet: Euro zone to grow at 'moderate' pace
 
By William L. Watts
LONDON (MarketWatch) -- The euro-zone economy is likely to grow at "only a moderate pace" in 2010 and the recovery may remain uneven, European Central Bank President Jean-Claude Trichet said at his monthly news conference in Frankfurt Thursday. Trichet said inflation is likely to remain around 1% in the near term, below the ECB's target of just below 2%. Inflation expectations in the euro zone remain firmly anchored, he said. Earlier, the ECB Governing Council voted to hold its key interest rates unchanged, leaving its benchmark lending rate at a record low of 1%.

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