Wim Duisenberg
Wim Duisenberg
Willem Frederik "Wim" Duisenberg; 9 July 1935 – 31 July 2005) was a Dutch politician of the Labour Party...
Wim Duisenberg quotes about
conditions create economy emergence lax monetary policy
An inappropriately lax monetary policy would not create better conditions for the emergence of a new economy
colleague speak suggestion
And the suggestion from a colleague was that we do not speak about intervention,
benign exchange mean policy rate time
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.
accelerate course expected generally global mild recovery start
A mild recovery (in the global economy) is generally expected to start in the course of 2002 and to accelerate in 2003,
policy
Our policy is to be as transparent and as predictable as possible,
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.
action deplorable exchange inclined industry protect rate rather steel united
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.
aware downside optimistic reasonably recovery remaining start
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.
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,
rates situation
We will set rates as the situation requires.
coming economic further signals waiting
We are waiting very much for further signals on economic development before coming to yet another way (on rates).
immune states united united-states
We are not immune to developments in the United States and the world at large,
advised best continues euro movements perhaps whatever
Whatever I say, whatever I do, the euro continues its movements so perhaps I am best advised not to say anything,