47 ordspråk av Wim Duisenberg

Wim Duisenberg

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Not having an exchange rate policy -- and we do not have one -- does not mean there is benign or malign neglect. For the time being there is neglect.

We will set rates as the situation requires.

At the end of the year, economic growth should reach a level close to potential growth,

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.

I wish you had not asked me that question, the answer is no.

I'm very confident. Everything has been so well prepared.

A mild recovery (in the global economy) is generally expected to start in the course of 2002 and to accelerate in 2003,

While I am reasonably optimistic about the sustainability of the recovery that, we expect, will start this year, I am also aware of the remaining downside risks.

The trend in the growth of loans to the private sector also seems to point in this direction.

Given that the expected pace of the recovery has been scaled down over recent months, sharp declines in stock prices are having a negative effect on consumer and investors confidence,

I'm rather inclined to say this deplorable action by the United States' authorities to protect its steel industry may have something to do with the exchange rate of the dollar, as it is being experienced by the American steel industry.

This weakened outlook should contribute to lower inflationary pressures. And, as you know, price stability is our aim,

In a world characterized by highly integrated and sophisticated international financial markets, there is serious doubt whether target zones for exchange rates are feasible.

Don't ask for monetary policy to perform tricks it cannot deliver,

We are not immune to developments in the United States and the world at large,

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