Wim Duisenberg
Wim Duisenberg
Willem Frederik "Wim" Duisenberg; 9 July 1935 – 31 July 2005) was a Dutch politician of the Labour Party...
assuming currently japan manages overcome
assuming Japan manages to overcome - and I think it will - the difficulties it is currently facing.
environment excess given less pressure risk subdued translate
At this juncture, there is less risk that excess liquidity will translate into inflationary pressure given the environment of subdued demand,
activity economic euro inside outside strength uncertain
Consequently, the strength in the upturn in economic activity has become more uncertain inside and outside the euro area.
coming economic further signals waiting
We are waiting very much for further signals on economic development before coming to yet another way (on rates).
direction growth loans point private sector seems trend
The trend in the growth of loans to the private sector also seems to point in this direction.
confident euro internal means pensions people savings stability value
This internal stability of the euro means that people can be confident that their savings and pensions will keep their value over time,
against arise chosen concern council distinct faces inevitably monetary move policy reflects result stage strategy
Of most concern are some of the uncertainties that will inevitably arise as the result of the move to stage three. Against this background, the council has chosen a distinct monetary policy strategy and one that reflects the circumstances it faces at present.
area euro expect growth maintain next percent rate year
So we do expect to maintain a growth rate in the euro area of at least 3 percent per year for the next two years.
exchange oil prices rates remain
Oil prices and exchange rates remain two important considerations,
conditions create economy emergence lax monetary policy
An inappropriately lax monetary policy would not create better conditions for the emergence of a new economy
credit growth increase money
A reassessment may be appropriate if money and credit growth increase further.
ahead albeit available economic evidence far growth lies months pace period recent robust seen slower somewhat
All available evidence is that a period of robust economic growth -- albeit at a somewhat slower pace than we have seen in recent months -- still lies ahead of us as far as we can see for the foreseeable future,
area basis current ensure euro information maintain medium monetary policy price stability stance
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,
benefits chosen danish deprive economy euro form growth increase otherwise people rate taken taking themselves welfare within
The Danish people have chosen to deprive themselves of benefits in the form of an increase in the rate of growth and the welfare of the economy that would have otherwise taken place, and that is already taking place within the euro area.