Wim Duisenberg
Wim Duisenberg
Willem Frederik "Wim" Duisenberg; 9 July 1935 – 31 July 2005) was a Dutch politician of the Labour Party...
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,
adjustment area contribute ensure euro interest level maintain price rates reduction seen stability
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,
activity area continue determined domestic economic euro growth likely mainly reasonably robust
Economic activity in the euro area is determined mainly by domestic factors, ... Growth is very likely to continue at a reasonably robust pace.
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.
area autonomous economic euro impact large limited market million outside
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.
area average domestic euro gross growth next past percent period product rate year
In the past 25 years the average growth rate of euro area gross domestic product has been between 2 and 2-1/2 percent, ... We are now in for a period this year and next year when growth will be in excess, I would even say considerably in excess, of 3 percent a year.
rates situation
We will set rates as the situation requires.
colleague speak suggestion
And the suggestion from a colleague was that we do not speak about intervention,
assured based citizens european future price stability strength strong
European citizens can be assured that the future of the euro is that of a strong currency, based on price stability and the strength of the European economy,
early events far impact judge
far too early to judge what the events... will have for an impact on medium-term developments.
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).