Stark on monetary policy: a view from the ECB

In the speech 'Objectives and challenges of monetary policy: a view from the ECB' given on 19 January Jurgen Stark of the ECB said the ECB retains the freedom to move interest rates whenever it considers it necessary to control inflation pressures, irrespective of guidance on possible rate moves at ECB press conferences.

Comments by ECB president Jean-Claude Trichet at the monthly news conference gave "some indications and forward orientation on future prospects on the basis of our monetary

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