Central Banking

President of Dutch cb introduces annual report

President's introduction for press conference Annual Report 2001

The economic downturn in the US looks set to be the briefest of the past century, and the slowdown of growth in Europe seems fairly mild. Japan is the odd one out. The favourable turn of events, particularly in the US, but in Europe too, can be attributed to powerfully stimulating monetary and fiscal policies and gradually declining inflation. Consumer confidence furthermore stayed on course, thanks in part to the adequate reaction

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