Wim Duisenberg
Wim Duisenberg
Willem Frederik "Wim" Duisenberg; 9 July 1935 – 31 July 2005) was a Dutch politician of the Labour Party...
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,
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,
assessment medium needed price simply stability threatened
We simply needed more indicators for our assessment that price stability is threatened in 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,
contribute lower outlook price stability
This weakened outlook should contribute to lower inflationary pressures. And, as you know, price stability is our aim,
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,
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,
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).
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.