ECB press conference on Governing Council mtg

At the ECB's post-meeting press conference Thursday Wim Duisenberg said the Governing Council had decided the outlook for price stability over the medium term has improved significantly since the last decision to lower interest rates in March, and as a result decided on a 50 basis points interest rate reduction.

Introductory statement, with a transcript of the questions and answers, by Willem F. Duisenberg, President of the European Central Bank, Lucas Papademos, Vice-President of the European