46 Quotes by Wim Duisenberg

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.

To them, I would like to say the following: I understand their concerns, since a persistently lower euro exchange rate might ultimately lead to higher prices in the shops,

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,

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.

There is some evidence -- although not uncontroversial itself -- of the emergence of a new economy in the United States. By contrast it is difficult as yet to find clear evidence of a new economy in the euro area,

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

We simply needed more indicators for our assessment that price stability is threatened in the medium term,

We will set rates as the situation requires.

We are waiting very much for further signals on economic development before coming to yet another way (on rates).