This reduction is to be seen as an adjustment of interest rates to an appropriate level to ensure that the euro area will be able to maintain price stability and to contribute to growth,
More Quotes from Wim Duisenberg:
At the end of the year, economic growth should reach a level close to potential growth,Wim Duisenberg
On the basis of the information available, the current stance of monetary policy is appropriate to ensure that the euro area will be able to maintain price stability over the medium term,
Wim Duisenberg
But we are such a large autonomous economic area, comprising a market of some 300 million people, that the impact of developments outside the Euro area on the Euro area are not negligible, but very limited indeed.
Wim Duisenberg
In a world characterized by highly integrated and sophisticated international financial markets, there is serious doubt whether target zones for exchange rates are feasible.
Wim Duisenberg
Wages, import prices, bottlenecks in shortages in the employment market
Wim Duisenberg
Don't ask for monetary policy to perform tricks it cannot deliver,
Wim Duisenberg
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