The president of the European Central Bank, Jean-Claude Trichet, was quoted on Friday as saying employers and employees should understand that durable inflation resulting from higher prices and wages would be in nobody's interest. The European Central Bank on Thursday said that so far, high oil prices had not encouraged workers to demand higher pay increases and companies to raise their prices -- what the ECB calls "second round effects". "We also call upon all the economic partners, including the social partners, to clearly understand that it is in nobody's interest that there would be such rises in prices ... salaries, all these nominal rises which then lead to a sustainable inflation with all these inconveniences," Trichet told Belgian VRT radio in an interview taped late on Thursday evening.///