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Europe Daily Bulletin No. 7936

31 March 2001
Contents Publication in full By article 14 / 50
GENERAL NEWS / (eu) eu/economy/ecb
Reassuring declarations by ECB during Franco-German Economic and Financial Council in Rouen (France)

Frankfurt / Rouen, 30/03/2001 (Agence Europe) - The European Central Bank (ECB) published a press release on Friday. It was intended to reassure markets, by justifying the decision it had taken the day before to keep its key interest rate unchanged at 4.75% (see yesterday's EUROPE, p.14). Recognising the fall in inflation and the slowdown of the European economy, it implicitly evokes the possibility of making its monetary policy more flexible. The ECB thus stated that "money growth has been...

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