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Europe Daily Bulletin No. 8458

9 May 2003
Contents Publication in full By article 19 / 32
GENERAL NEWS / (eu) eu/ecb
ECB hopes to keep inflation close to 2%

Brussels, 08/05/2003 (Agence Europe) - On Thursday, the European Central Bank unveiled its evaluation of the ECB's monetary policy strategy. Deciding to keep its 13 October 1998 quantitative definition of price stability ("a year-on-year increase in the Harmonised index of Consumer Prices, HICP, for the euro area of below 2% and the need to ensure medium-term price stability), the ECB decided to point out that "in the pursuit of price stability it will aim to maintain inflation rates close...

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GENERAL NEWS