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https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2006/html/is060302.en.html | 2006-03-02 | Frankfurt am Main | Jean-Claude Trichet, President of the ECB,Lucas Papademos, Vice President of the ECB | Jean-Claude Trichet | Lucas Papademos | true | true | [
"Ladies and gentlemen, let me welcome you to our press conference and report on the outcome of today’s meeting of the ECB’s Governing Council. The meeting was also attended by the President of the Eurogroup, Prime Minister Juncker, and Commissioner Almunia.",
"At today’s meeting, we decided to increase the key EC... | [] | Ladies and gentlemen, let me welcome you to our press conference and report on the outcome of today’s meeting of the ECB’s Governing Council. The meeting was also attended by the President of the Eurogroup, Prime Minister Juncker, and Commissioner Almunia.
At today’s meeting, we decided to increase the key ECB interes... | 14 | [] | 0 | false | [
{
"text": "Mr President, you mentioned several times that there are upside risks to price stability. Does that mean that there will be further tightening by the ECB? And the second question: there were reports in the media that Mr Papademos will follow Mr Issing. Can you comment on that?",
"role": "question... | [
"Mr President, you mentioned several times that there are upside risks to price stability. Does that mean that there will be further tightening by the ECB? And the second question: there were reports in the media that Mr Papademos will follow Mr Issing. Can you comment on that?",
"Mr Papademos, should you be aske... | [
"First of all, we have increased rates today. Our monetary policy stance today, after this increase, reflects our current assessment. We will continue to monitor closely all developments with respect to risks to price stability. It is the state of mind that we have. As regards the future, we will decide to move on ... | Mr President, you mentioned several times that there are upside risks to price stability. Does that mean that there will be further tightening by the ECB? And the second question: there were reports in the media that Mr Papademos will follow Mr Issing. Can you comment on that?
First of all, we have increased rates tod... | 47 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2006/html/is060202.en.html | 2006-02-02 | Frankfurt am Main | Jean-Claude Trichet, President of the ECB,Lucas Papademos, Vice President of the ECB | Jean-Claude Trichet | Lucas Papademos | true | true | [
"Ladies and gentlemen, allow me to welcome you to our press conference and report on the outcome of today’s meeting of the ECB’s Governing Council. The meeting was also attended by Commissioner Almunia.",
"On the basis of our regular economic and monetary analyses, we have decided to leave the key ECB interest ra... | [] | Ladies and gentlemen, allow me to welcome you to our press conference and report on the outcome of today’s meeting of the ECB’s Governing Council. The meeting was also attended by Commissioner Almunia.
On the basis of our regular economic and monetary analyses, we have decided to leave the key ECB interest rates uncha... | 12 | [] | 0 | false | [
{
"text": "Mr Trichet, you said today that risks to inflation are on the upside and that growth appears to be strengthening in line with your scenario, and you have used the word “vigilance” three times by my count. Why did the Governing Council not decide to raise interest rates today?",
"role": "question"... | [
"Mr Trichet, you said today that risks to inflation are on the upside and that growth appears to be strengthening in line with your scenario, and you have used the word “vigilance” three times by my count. Why did the Governing Council not decide to raise interest rates today?",
"And my second question is: Market... | [
"First, I have mentioned the word “vigilance” three times and I am happy that you have noticed that. Second, as regards the market expectations for future action in a short period of time – what I am observing seems to be reasonable. Looking at all the information we have and taking into account our baseline scenar... | Mr Trichet, you said today that risks to inflation are on the upside and that growth appears to be strengthening in line with your scenario, and you have used the word “vigilance” three times by my count. Why did the Governing Council not decide to raise interest rates today?
And my second question is: Markets are exp... | 57 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2006/html/is060112.en.html | 2006-01-12 | Frankfurt am Main | Jean-Claude Trichet, President of the ECB,Lucas Papademos, Vice President of the ECB | Jean-Claude Trichet | Lucas Papademos | true | true | [
"Ladies and gentlemen, the Vice-President and I would first like to express to all of you our best wishes for the New Year and welcome you to this press conference. Let me now report on the outcome of today’s meeting of the ECB’s Governing Council, which was also attended by Commissioner Almunia.",
"On the basis ... | [] | Ladies and gentlemen, the Vice-President and I would first like to express to all of you our best wishes for the New Year and welcome you to this press conference. Let me now report on the outcome of today’s meeting of the ECB’s Governing Council, which was also attended by Commissioner Almunia.
On the basis of our re... | 12 | [] | 0 | false | [
{
"text": "President Trichet, if I have interpreted your statement today correctly, it seems you’re much more confident about the outlook for growth in the euro area this month. I was wondering if anyone on the Governing Council advocated raising the interest rates today and, on the other hand, if anyone argued... | [
"President Trichet, if I have interpreted your statement today correctly, it seems you’re much more confident about the outlook for growth in the euro area this month. I was wondering if anyone on the Governing Council advocated raising the interest rates today and, on the other hand, if anyone argued that raising ... | [
"First, we were unanimous in taking today’s decision. We all held that all the information at our disposal called for the decision that was taken, that you, of course, knew of before this press conference. Second, all the information at our disposal since our decision of the beginning of December confirmed our work... | President Trichet, if I have interpreted your statement today correctly, it seems you’re much more confident about the outlook for growth in the euro area this month. I was wondering if anyone on the Governing Council advocated raising the interest rates today and, on the other hand, if anyone argued that raising inter... | 25 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2005/html/is051201.en.html | 2005-12-01 | Frankfurt am Main | Jean-Claude Trichet, President of the ECB,Lucas Papademos, Vice President of the ECB | Jean-Claude Trichet | Lucas Papademos | true | true | [
"Ladies and gentlemen, let me welcome you to our press conference and report on the outcome of today’s meeting of the ECB’s Governing Council. The meeting was also attended by the President of the Eurogroup, Prime Minister Juncker, and Commissioner Almunia.",
"On the basis of our regular economic and monetary ana... | [] | Ladies and gentlemen, let me welcome you to our press conference and report on the outcome of today’s meeting of the ECB’s Governing Council. The meeting was also attended by the President of the Eurogroup, Prime Minister Juncker, and Commissioner Almunia.
On the basis of our regular economic and monetary analyses, we... | 14 | [] | 0 | false | [
{
"text": "The first question I would really like to ask is about the future direction of the European Central Bank’s policy and I was wondering if you could tell us a bit more about how much accommodation the European Central Bank still sees left in its monetary policy and how much of that accommodation needs ... | [
"The first question I would really like to ask is about the future direction of the European Central Bank’s policy and I was wondering if you could tell us a bit more about how much accommodation the European Central Bank still sees left in its monetary policy and how much of that accommodation needs to be withdraw... | [
"On this point I will be very clear. There is not an “ex ante” decision of the Governing Council at today’s meeting to engage in a series of interest rate increases. We have decided to increase rates by 0.25 percentage point because we judged that, with this new level, we are in line with our duty, our mandate, whi... | The first question I would really like to ask is about the future direction of the European Central Bank’s policy and I was wondering if you could tell us a bit more about how much accommodation the European Central Bank still sees left in its monetary policy and how much of that accommodation needs to be withdrawn to ... | 48 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2005/html/is051103.en.html | 2005-11-03 | Frankfurt am Main | Jean-Claude Trichet, President of the ECB,Lucas Papademos, Vice President of the ECB | Jean-Claude Trichet | Lucas Papademos | true | true | [
"Ladies and gentlemen, welcome to our press conference. Let me report on the outcome of today’s meeting, which was also attended by Commissioner Almunia.",
"On the basis of our regular economic and monetary analyses, taking into account ongoing upward pressure on prices stemming mainly from energy price developme... | [] | Ladies and gentlemen, welcome to our press conference. Let me report on the outcome of today’s meeting, which was also attended by Commissioner Almunia.
On the basis of our regular economic and monetary analyses, taking into account ongoing upward pressure on prices stemming mainly from energy price developments, we h... | 12 | [] | 0 | false | [
{
"text": "Mr Trichet, can you tell us please: are you preparing for an interest rate rise?",
"role": "question",
"lang": "en"
},
{
"text": "I already said several times that we were not promising anybody that we would not move. And that we stand ready to move at any time when it is required by ... | [
"Mr Trichet, can you tell us please: are you preparing for an interest rate rise?",
"Did any Council members at today’s meeting propose increasing interest rates today? And, secondly, the ECB has repeated over and over again over the past month the need for strong vigilance. And you said today that it is of the e... | [
"I already said several times that we were not promising anybody that we would not move. And that we stand ready to move at any time when it is required by our mandate and by the situation. Today, and as I said in Athens – and we referred explicitly to the Athens judgement and assessment - we think that present int... | Mr Trichet, can you tell us please: are you preparing for an interest rate rise?
I already said several times that we were not promising anybody that we would not move. And that we stand ready to move at any time when it is required by our mandate and by the situation. Today, and as I said in Athens – and we referred ... | 62 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2005/html/is051006.en.html | 2005-10-06 | Athens | Jean-Claude Trichet, President of the ECB,Lucas Papademos, Vice President of the ECB | Jean-Claude Trichet | Lucas Papademos | true | true | [
"Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to the press conference here in Athens. The Governing Council has, today, met for the 12th time outside Frankfurt, meaning that it has now met once in each of the euro area member countries. I would particularly like to thank Governor G... | [] | Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to the press conference here in Athens. The Governing Council has, today, met for the 12th time outside Frankfurt, meaning that it has now met once in each of the euro area member countries. I would particularly like to thank Governor Gargan... | 20 | [] | 0 | false | [
{
"text": "My first question involves your choice of the words “strong vigilance”. We have not heard that phrase for several months and today I counted that we heard it four times. I was just wondering if you could tell us why you chose the phrase “strong vigilance” today. Second, you talked about inflationary ... | [
"My first question involves your choice of the words “strong vigilance”. We have not heard that phrase for several months and today I counted that we heard it four times. I was just wondering if you could tell us why you chose the phrase “strong vigilance” today. Second, you talked about inflationary expectations. ... | [
"First of all, as regards what I have said today on behalf of the Governing Council, I said “strong vigilance” and I said that the present level of interest rates was “still appropriate”. And this is a little bit different from the previous language, you might remember, in the previous Governing Council meeting. Yo... | My first question involves your choice of the words “strong vigilance”. We have not heard that phrase for several months and today I counted that we heard it four times. I was just wondering if you could tell us why you chose the phrase “strong vigilance” today. Second, you talked about inflationary expectations. The e... | 62 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2005/html/is050901.en.html | 2005-09-01 | Frankfurt am Main | Jean-Claude Trichet, President of the ECB,Lucas Papademos, Vice President of the ECB | Jean-Claude Trichet | Lucas Papademos | true | true | [
"Ladies and gentlemen, welcome to our press conference. Let me start by saying that the Governing Council of the ECB again wishes to express its profound sadness at the loss of its first chairman and President of the ECB, Dr Willem F. Duisenberg, who passed away on 31 July. The Governing Council observed a moment o... | [] | Ladies and gentlemen, welcome to our press conference. Let me start by saying that the Governing Council of the ECB again wishes to express its profound sadness at the loss of its first chairman and President of the ECB, Dr Willem F. Duisenberg, who passed away on 31 July. The Governing Council observed a moment of sil... | 14 | [] | 0 | false | [
{
"text": "President Trichet, you said in July at the press conference that you are not pre-announcing a rate cut and that you are not pre-announcing a rate increase. But now with this significant, considerable upward revision in your inflation forecast, you are probably in a better position today to give us yo... | [
"President Trichet, you said in July at the press conference that you are not pre-announcing a rate cut and that you are not pre-announcing a rate increase. But now with this significant, considerable upward revision in your inflation forecast, you are probably in a better position today to give us your best guess ... | [
"I would say the same. At this press conference I am not pre-announcing a rate increase and I am certainly not pre-announcing a rate cut. We were unanimous in considering that the present level of interest rates remains appropriate. And we were also unanimous in considering that particular vigilance is of the essen... | President Trichet, you said in July at the press conference that you are not pre-announcing a rate cut and that you are not pre-announcing a rate increase. But now with this significant, considerable upward revision in your inflation forecast, you are probably in a better position today to give us your best guess on wh... | 43 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2005/html/is050707.en.html | 2005-07-07 | Frankfurt am Main | Jean-Claude Trichet, President of the ECB,Lucas Papademos, Vice President of the ECB | Jean-Claude Trichet | Lucas Papademos | true | true | [
"Ladies and gentlemen, welcome to our press conference.",
"The Governing Council of the ECB expresses its deep sympathy and its total solidarity with the British people and the Bank of England in these dreadful circumstances. We have observed a minute of silence in memory of the victims of these terrorist attacks... | [] | Ladies and gentlemen, welcome to our press conference.
The Governing Council of the ECB expresses its deep sympathy and its total solidarity with the British people and the Bank of England in these dreadful circumstances. We have observed a minute of silence in memory of the victims of these terrorist attacks and we c... | 14 | [] | 0 | false | [
{
"text": "Mr Trichet, three questions. First of all, after the September 11 attacks in the United States you did make some efforts to ensure the stability of the financial system, notably by making liquidity available wherever it was needed on whatever side of the Atlantic. I wanted to ask if you saw any simil... | [
"Mr Trichet, three questions. First of all, after the September 11 attacks in the United States you did make some efforts to ensure the stability of the financial system, notably by making liquidity available wherever it was needed on whatever side of the Atlantic. I wanted to ask if you saw any similar necessity t... | [
"On the first question, I have been in touch with Mervyn King on the functioning of the markets. Our joint observation was that markets were functioning on both sides of the Channel. Of course, both the stock market and the interest rate market had taken into account the events, but infrastructure and systems were ... | Mr Trichet, three questions. First of all, after the September 11 attacks in the United States you did make some efforts to ensure the stability of the financial system, notably by making liquidity available wherever it was needed on whatever side of the Atlantic. I wanted to ask if you saw any similar necessity this t... | 31 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2005/html/is050602.en.html | 2005-06-02 | Frankfurt am Main | Jean-Claude Trichet, President of the ECB,Lucas Papademos, Vice President of the ECB | Jean-Claude Trichet | Lucas Papademos | true | true | [
"Ladies and gentlemen, it is our pleasure to welcome you to this press conference. The Vice‑President and I will now report on the outcome of today’s meeting of the Governing Council of the ECB, which was also attended by Commissioner Almunia.",
"Overall, on the basis of our regular economic and monetary analyses... | [] | Ladies and gentlemen, it is our pleasure to welcome you to this press conference. The Vice‑President and I will now report on the outcome of today’s meeting of the Governing Council of the ECB, which was also attended by Commissioner Almunia.
Overall, on the basis of our regular economic and monetary analyses, we expe... | 15 | [] | 0 | false | [
{
"text": "Mr Trichet, I have two questions. The first concerns the interest rate position of the ECB. Maybe sometimes we tend to hear the monetary grass growing, but last time at the press conference it sounded as if you were, for want of a better term, less hawkish. In recent weeks, however, the statements we... | [
"Mr Trichet, I have two questions. The first concerns the interest rate position of the ECB. Maybe sometimes we tend to hear the monetary grass growing, but last time at the press conference it sounded as if you were, for want of a better term, less hawkish. In recent weeks, however, the statements we heard from yo... | [
"First of all, I would fully confirm that after having had a long and thorough discussion in the Governing Council, we were unanimous in thinking that our interest rates are at the appropriate level for ensuring price stability; for delivering price stability in line with our definition; for, I would say also, reas... | Mr Trichet, I have two questions. The first concerns the interest rate position of the ECB. Maybe sometimes we tend to hear the monetary grass growing, but last time at the press conference it sounded as if you were, for want of a better term, less hawkish. In recent weeks, however, the statements we heard from you and... | 35 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2005/html/is050504.en.html | 2005-05-04 | Berlin | Jean-Claude Trichet, President of the ECB,Lucas Papademos, Vice President of the ECB | Jean-Claude Trichet | Lucas Papademos | true | true | [
"Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to the press conference here in Berlin. Today is the 11th time that the Governing Council has met outside Frankfurt, and I would like to thank President Weber for his invitation and hospitality. Let me also express our gratitude to the ... | [] | Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to the press conference here in Berlin. Today is the 11th time that the Governing Council has met outside Frankfurt, and I would like to thank President Weber for his invitation and hospitality. Let me also express our gratitude to the staff... | 12 | [] | 0 | false | [
{
"text": "President Trichet, you said last month, and I quote, “a decrease of rates is not an option for the Governing Council”. Would you make the same strong statement today in the light of recent economic data such as business confidence and the purchasing managers’ survey?",
"role": "question",
"la... | [
"President Trichet, you said last month, and I quote, “a decrease of rates is not an option for the Governing Council”. Would you make the same strong statement today in the light of recent economic data such as business confidence and the purchasing managers’ survey?",
"Oil prices have remained high for several ... | [
"It was not a “strong statement”. It was a mention of the position we have had for a long time. I said on behalf of the Governing Council a long time ago that a decrease of rates was not an option. And I can confirm that this meeting has seen no change to our previous analysis or to the conclusion that we reached a... | President Trichet, you said last month, and I quote, “a decrease of rates is not an option for the Governing Council”. Would you make the same strong statement today in the light of recent economic data such as business confidence and the purchasing managers’ survey?
It was not a “strong statement”. It was a mention o... | 25 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2005/html/is050407.en.html | 2005-04-07 | Frankfurt am Main | Jean-Claude Trichet, President of the ECB,Lucas Papademos, Vice President of the ECB | Jean-Claude Trichet | Lucas Papademos | true | true | [
"Ladies and gentlemen, it is our pleasure to welcome you to this press conference. The Vice‑President and I will now report on the outcome of today’s meeting of the Governing Council of the ECB, which was also attended by Commissioner Almunia.",
"All in all, we have not changed our assessment of risks to price st... | [] | Ladies and gentlemen, it is our pleasure to welcome you to this press conference. The Vice‑President and I will now report on the outcome of today’s meeting of the Governing Council of the ECB, which was also attended by Commissioner Almunia.
All in all, we have not changed our assessment of risks to price stability o... | 13 | [] | 0 | false | [
{
"text": "How concerned are you that there are as yet no indications of a pick-up in the economic recovery, given that interest rates have been at historical lows for such a long time? And has your view on the recovery changed at all since last month’s meeting?",
"role": "question",
"lang": "en"
},
... | [
"How concerned are you that there are as yet no indications of a pick-up in the economic recovery, given that interest rates have been at historical lows for such a long time? And has your view on the recovery changed at all since last month’s meeting?",
"Mr Trichet, we all know that central bankers are famously ... | [
"Our judgement is that we are presently observing moderate growth and we are vigilant. We are in an environment where all information is very important for us. We are capturing the mixed signals I mentioned on behalf of the Governing Council. As regards forecasts, I was struck by the fact that a lot of forecasters ... | How concerned are you that there are as yet no indications of a pick-up in the economic recovery, given that interest rates have been at historical lows for such a long time? And has your view on the recovery changed at all since last month’s meeting?
Our judgement is that we are presently observing moderate growth an... | 29 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2005/html/is050303.en.html | 2005-03-03 | Frankfurt am Main | Jean-Claude Trichet, President of the ECB,Lucas Papademos, Vice President of the ECB | Jean-Claude Trichet | Lucas Papademos | true | true | [
"Ladies and gentlemen, it is our pleasure to welcome you to this press conference. The Vice‑President and I will now report on the outcome of today’s meeting of the Governing Council of the ECB, which was also attended by Prime Minister Juncker and Commissioner Almunia.",
"On the whole, we continue to see no sign... | [] | Ladies and gentlemen, it is our pleasure to welcome you to this press conference. The Vice‑President and I will now report on the outcome of today’s meeting of the Governing Council of the ECB, which was also attended by Prime Minister Juncker and Commissioner Almunia.
On the whole, we continue to see no significant e... | 20 | [] | 0 | false | [
{
"text": "I would like to know if you could clarify, in greater detail than we have already been privy to, the ECB’s view on the recent changes in the composition of the Monetary Council in the Hungarian central bank in the context of Governor Járai’s allegations of government tampering with the independence o... | [
"I would like to know if you could clarify, in greater detail than we have already been privy to, the ECB’s view on the recent changes in the composition of the Monetary Council in the Hungarian central bank in the context of Governor Járai’s allegations of government tampering with the independence of the central ... | [
"I note that this is not at all what we discussed this morning. This is not to say that I will not respond to your question; I only note that we did not discuss it this morning. Our position has been made public. We gave advice on the proposed changes in the law of the central bank. We said very clearly that we wer... | I would like to know if you could clarify, in greater detail than we have already been privy to, the ECB’s view on the recent changes in the composition of the Monetary Council in the Hungarian central bank in the context of Governor Járai’s allegations of government tampering with the independence of the central bank.... | 36 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2005/html/is050203.en.html | 2005-02-03 | Frankfurt am Main | Jean-Claude Trichet, President of the ECB,Lucas Papademos, Vice President of the ECB | Jean-Claude Trichet | Lucas Papademos | true | true | [
"Ladies and gentlemen, it is our pleasure to welcome you to this press conference. The Vice-President and I will now report on the outcome of today’s meeting of the Governing Council of the ECB.",
"All in all, the information which has become available since the last meeting of the Governing Council means that ou... | [] | Ladies and gentlemen, it is our pleasure to welcome you to this press conference. The Vice-President and I will now report on the outcome of today’s meeting of the Governing Council of the ECB.
All in all, the information which has become available since the last meeting of the Governing Council means that our assessm... | 14 | [] | 0 | false | [
{
"text": "I have two questions. The first question: did the Governing Council discuss raising interest rates at today’s meeting? And, secondly, looking ahead to the G7 meeting in London: if the Chinese do not signal a willingness to become more flexible in terms of their currency peg to the dollar, do you thin... | [
"I have two questions. The first question: did the Governing Council discuss raising interest rates at today’s meeting? And, secondly, looking ahead to the G7 meeting in London: if the Chinese do not signal a willingness to become more flexible in terms of their currency peg to the dollar, do you think that could b... | [
"On the first point, we were exactly in the same state of mind as we were three weeks ago when I reported on the previous Governing Council meeting. After a very thorough examination of the situation, including – as I have said – both economic and monetary analyses, we concluded that our current rates were in line ... | I have two questions. The first question: did the Governing Council discuss raising interest rates at today’s meeting? And, secondly, looking ahead to the G7 meeting in London: if the Chinese do not signal a willingness to become more flexible in terms of their currency peg to the dollar, do you think that could be har... | 19 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2005/html/is050121.en.html | 2005-01-21 | Frankfurt am Main | by José Manuel González-Páramo Member of the Executive Board Introductory remarks to a press briefing on the occasion of the launch of a new set of statistics on the geograhical breakdown of the euro area balance of payments and international investment position Frankfurt | false | false | [
"Ladies and Gentlemen,",
"Welcome to the ECB. Today it is my pleasure to introduce an important new set of statistics for the euro area as single economic entity. These statistics provide a breakdown of euro area balance of payments transactions and international investment positions by counterpart country and ar... | [] | Ladies and Gentlemen,
Welcome to the ECB. Today it is my pleasure to introduce an important new set of statistics for the euro area as single economic entity. These statistics provide a breakdown of euro area balance of payments transactions and international investment positions by counterpart country and area and ar... | 13 | [] | 0 | false | [] | [] | [] | 0 | false | 0 | |||
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2005/html/is050120_1.en.html | 2005-01-20 | Frankfurt am Main | Lucas Papademos, Vice President of the ECB, Press briefing at the Eurotower | Lucas Papademos | false | false | [
"Ladies and gentlemen,",
"The Governing Council’s decision on the winning design concluded the international urban planning and architectural design competition for the ECB’s new premises. This means that a major step towards building a new, permanent home for the ECB here in Frankfurt has been completed. Over th... | [
{
"text": "The design chosen",
"after_paragraph_index": 4
},
{
"text": "Next steps",
"after_paragraph_index": 6
}
] | Ladies and gentlemen,
The Governing Council’s decision on the winning design concluded the international urban planning and architectural design competition for the ECB’s new premises. This means that a major step towards building a new, permanent home for the ECB here in Frankfurt has been completed. Over the past th... | 13 | [] | 0 | false | [] | [] | [] | 0 | false | 0 | ||
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2005/html/is050120.en.html | 2005-01-20 | Frankfurt am Main | by Jean-Claude Trichet, President of the European Central Bank | Jean-Claude Trichet | false | false | [
"Ladies and gentlemen,",
"We have invited you today for the presentation of the chosen design proposal in the international urban planning and architectural design competition for the New ECB Premises.",
"In our introductory remarks we would like to do the following: First, to briefly recall the main steps that... | [
{
"text": "The decision of the Governing Council / the conclusion of the competition",
"after_paragraph_index": 2
}
] | Ladies and gentlemen,
We have invited you today for the presentation of the chosen design proposal in the international urban planning and architectural design competition for the New ECB Premises.
In our introductory remarks we would like to do the following: First, to briefly recall the main steps that have led to ... | 14 | [] | 0 | false | [] | [] | [] | 0 | false | 0 | ||
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2005/html/is050113.en.html | 2005-01-13 | Frankfurt am Main | Jean-Claude Trichet, President of the ECB,Lucas Papademos, Vice President of the ECB | Jean-Claude Trichet | Lucas Papademos | true | true | [
"Ladies and gentlemen, the Vice-President and I would like to welcome you to the first press conference of 2005 and extend our best wishes to you for the new year. Let me also take this opportunity to say that all our thoughts are with the victims of the recent flood disaster and with their families in the countrie... | [] | Ladies and gentlemen, the Vice-President and I would like to welcome you to the first press conference of 2005 and extend our best wishes to you for the new year. Let me also take this opportunity to say that all our thoughts are with the victims of the recent flood disaster and with their families in the countries con... | 15 | [] | 0 | false | [
{
"text": "Was there any discussion at the meeting today about raising interest rates? And if so, what arguments were presented for doing so? And how close did you actually come to doing it?",
"role": "question",
"lang": "en"
},
{
"text": "We had a very thorough discussion and the President of t... | [
"Was there any discussion at the meeting today about raising interest rates? And if so, what arguments were presented for doing so? And how close did you actually come to doing it?",
"Listening to what you have said today, one could draw the conclusion that you are a little bit more confident than in the previous... | [
"We had a very thorough discussion and the President of the European Union, Jean-Claude Juncker, and the President of the European Commission, Mr Barroso, were witness to our exchange of views. I remind you that every fortnight we invite the President of the ECOFIN, the Eurogroup and the representative of the Commi... | Was there any discussion at the meeting today about raising interest rates? And if so, what arguments were presented for doing so? And how close did you actually come to doing it?
We had a very thorough discussion and the President of the European Union, Jean-Claude Juncker, and the President of the European Commissio... | 32 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2004/html/is041202.en.html | 2004-12-02 | Frankfurt am Main | Jean-Claude Trichet, President of the ECB, Lucas Papademos, Vice President of the ECB | Jean-Claude Trichet | Lucas Papademos | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I will now report on the outcome of today’s meeting of the Governing Council of the ECB.",
"All in all, the short-term outlook for inflation remains worrisome, but our assessment of price developments over the medi... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I will now report on the outcome of today’s meeting of the Governing Council of the ECB.
All in all, the short-term outlook for inflation remains worrisome, but our assessment of price developments over the medium term is un... | 18 | [] | 0 | false | [
{
"text": "I do not know if I understood everything well but I do not think I have heard you mentioning the euro, which is considered the major problem for economic growth together with oil by the economists. So, I would like to ask you: are you worried by the present level of the euro? And, second, regarding o... | [
"I do not know if I understood everything well but I do not think I have heard you mentioning the euro, which is considered the major problem for economic growth together with oil by the economists. So, I would like to ask you: are you worried by the present level of the euro? And, second, regarding one report in a... | [
"Well, first of all, I would confirm what you know, namely that we consider recent moves as unwelcome. And, as regards intervention, you know also that I never comment on such matters. I will only add that we are taking into our analysis, of course, all elements that are part of our analysis and, of course, we have... | I do not know if I understood everything well but I do not think I have heard you mentioning the euro, which is considered the major problem for economic growth together with oil by the economists. So, I would like to ask you: are you worried by the present level of the euro? And, second, regarding one report in an int... | 45 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2004/html/is041104.en.html | 2004-11-04 | Frankfurt am Main | Jean-Claude Trichet, President of the ECB, Lucas Papademos, Vice President of the ECB | Jean-Claude Trichet | Lucas Papademos | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I will now report on the outcome of today’s meeting of the Governing Council of the ECB.",
"Persistently high and rising oil prices have had a visible direct impact on consumer prices this year, and inflation is li... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I will now report on the outcome of today’s meeting of the Governing Council of the ECB.
Persistently high and rising oil prices have had a visible direct impact on consumer prices this year, and inflation is likely to remai... | 15 | [] | 0 | false | [
{
"text": "Two questions. Inflation now being worrisome, how fair would it be for us to write in our articles tomorrow that the ECB now has a bias? And the second question I have is on the euro. Earlier this year when the euro was at the same levels, you described the moves as brutal. What do you say today?",
... | [
"Two questions. Inflation now being worrisome, how fair would it be for us to write in our articles tomorrow that the ECB now has a bias? And the second question I have is on the euro. Earlier this year when the euro was at the same levels, you described the moves as brutal. What do you say today?",
"I am sorry i... | [
"My colleagues and I discussed that first question a lot today. Each of us participated in the discussion and we weighed up the balance of risks to price stability. You know that the needle of our compass is price stability. And we incorporate absolutely all elements, including, of course, our judgement on the stre... | Two questions. Inflation now being worrisome, how fair would it be for us to write in our articles tomorrow that the ECB now has a bias? And the second question I have is on the euro. Earlier this year when the euro was at the same levels, you described the moves as brutal. What do you say today?
My colleagues and I d... | 32 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2004/html/is041007.en.html | 2004-10-07 | Brussels | Jean-Claude Trichet, President of the ECB, Lucas Papademos, Vice President of the ECB | Jean-Claude Trichet | Lucas Papademos | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to the press conference here in Brussels. Today’s meeting is the tenth time that the Governing Council has met outside Frankfurt, and I would like to thank Governor Quaden for his in... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to the press conference here in Brussels. Today’s meeting is the tenth time that the Governing Council has met outside Frankfurt, and I would like to thank Governor Quaden for his invitation.... | 20 | [] | 0 | false | [
{
"text": "I was wondering if the further increase in oil prices, which we have seen since the last Governing Council meeting, has increased your vigilance on the inflation risks facing the euro area? And, secondly, on the Stability and Growth Pact: are you becoming more reconciled to the main elements of the C... | [
"I was wondering if the further increase in oil prices, which we have seen since the last Governing Council meeting, has increased your vigilance on the inflation risks facing the euro area? And, secondly, on the Stability and Growth Pact: are you becoming more reconciled to the main elements of the Commission’s pr... | [
"On the first question, I would say that we are, of course, observing the increase in prices. We cannot react on a day-to-day basis, and we have exactly the same posture of vigilance that we had before. I would add that, when I was in Washington on the occasion of the recent annual meetings of the International Mon... | I was wondering if the further increase in oil prices, which we have seen since the last Governing Council meeting, has increased your vigilance on the inflation risks facing the euro area? And, secondly, on the Stability and Growth Pact: are you becoming more reconciled to the main elements of the Commission’s proposa... | 27 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2004/html/is040902.en.html | 2004-09-02 | Frankfurt am Main | Jean-Claude Trichet, President of the ECB, Lucas Papademos | Jean-Claude Trichet | Lucas Papademos | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I will now report on the outcome of today’s meeting of the Governing Council of the ECB, which was also attended by the President of the ECOFIN Council, Mr Zalm, and Commissioner Almunia.",
"We noted that the infor... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I will now report on the outcome of today’s meeting of the Governing Council of the ECB, which was also attended by the President of the ECOFIN Council, Mr Zalm, and Commissioner Almunia.
We noted that the information which ... | 22 | [] | 0 | false | [
{
"text": "To what extent were you consulted by the Commission about their reform proposals for the Stability and Growth Pact? Did Mr Almunia discuss these with you today? And perhaps you can tell us also what the view of the Governing Council is of these proposals?",
"role": "question",
"lang": "en"
... | [
"To what extent were you consulted by the Commission about their reform proposals for the Stability and Growth Pact? Did Mr Almunia discuss these with you today? And perhaps you can tell us also what the view of the Governing Council is of these proposals?",
"I would like to ask you what made you so optimistic ab... | [
"Well, first of all, Commissioner Almunia gave us a number of indications of what is likely to be discussed tomorrow. If I understand well, it is tomorrow that the Commission will discuss and approve some guidelines and suggestions and proposals. As I said, our present position, which is only a preliminary, provisi... | To what extent were you consulted by the Commission about their reform proposals for the Stability and Growth Pact? Did Mr Almunia discuss these with you today? And perhaps you can tell us also what the view of the Governing Council is of these proposals?
Well, first of all, Commissioner Almunia gave us a number of in... | 25 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2004/html/is040701.en.html | 2004-07-01 | Frankfurt am Main | Jean-Claude Trichet, President of the ECB, Lucas Papademos | Jean-Claude Trichet | Lucas Papademos | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I will now report on the outcome of today’s meeting of the Governing Council of the ECB.",
"On the basis of the regular economic and monetary analyses, we have confirmed our assessment of last month. While somewhat... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I will now report on the outcome of today’s meeting of the Governing Council of the ECB.
On the basis of the regular economic and monetary analyses, we have confirmed our assessment of last month. While somewhat stronger inf... | 16 | [] | 0 | false | [
{
"text": "You talk quite a lot about productivity and labour costs and also about the need for restraint among social partners later in the year on inflation. I was wondering whether you thought that the various moves in Germany were having any impact: the move to increase working hours in the public sectors a... | [
"You talk quite a lot about productivity and labour costs and also about the need for restraint among social partners later in the year on inflation. I was wondering whether you thought that the various moves in Germany were having any impact: the move to increase working hours in the public sectors and in a lot of... | [
"We have not judged particularly the situation of any particular member economy of the euro area, so I have no particular judgement on Germany. Of course, everything that goes in the direction of flexibility, everything that goes in the direction of reinforcing the overall productivity in the euro area goes in the ... | You talk quite a lot about productivity and labour costs and also about the need for restraint among social partners later in the year on inflation. I was wondering whether you thought that the various moves in Germany were having any impact: the move to increase working hours in the public sectors and in a lot of area... | 24 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2004/html/is040603.en.html | 2004-06-03 | Frankfurt am Main | Jean-Claude Trichet, President of the ECB, Lucas Papademos | Jean-Claude Trichet | Lucas Papademos | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I will now report on the outcome of today’s meeting of the Governing Council of the ECB.",
"However, I should first like to inform you about some decisions we have taken regarding the publication of staff macroecon... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I will now report on the outcome of today’s meeting of the Governing Council of the ECB.
However, I should first like to inform you about some decisions we have taken regarding the publication of staff macroeconomic projecti... | 20 | [] | 0 | false | [
{
"text": "I was wondering whether the forecasting was becoming rather more difficult now because of this issue with the oil price, in particular, that the oil price is somewhat irrational. But also because, of course, it depends on this issue of stability in the Gulf, and that is very difficult to know from on... | [
"I was wondering whether the forecasting was becoming rather more difficult now because of this issue with the oil price, in particular, that the oil price is somewhat irrational. But also because, of course, it depends on this issue of stability in the Gulf, and that is very difficult to know from one week to the ... | [
"The projections exercise is always a difficult exercise. And for all decision-makers and for all responsible institutions – and central banks are, of course, fully part of this constituency – decision-making is decision-making in an environment of uncertainty. This is the reason why we insist ourselves, as you can... | I was wondering whether the forecasting was becoming rather more difficult now because of this issue with the oil price, in particular, that the oil price is somewhat irrational. But also because, of course, it depends on this issue of stability in the Gulf, and that is very difficult to know from one week to the next,... | 31 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2004/html/is040506.en.html | 2004-05-06 | Helsinki | Jean-Claude Trichet, President of the ECB | Jean-Claude Trichet | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, it is a pleasure to welcome you to our press conference here in Helsinki, where the Governing Council of the European Central Bank met today for the ninth time outside Frankfurt. I would like to thank acting Governor Matti Louekoski for hi... | [] | With the transcript of the questions and answers
Ladies and gentlemen, it is a pleasure to welcome you to our press conference here in Helsinki, where the Governing Council of the European Central Bank met today for the ninth time outside Frankfurt. I would like to thank acting Governor Matti Louekoski for his invitat... | 15 | [] | 0 | false | [
{
"text": "Mr President, the Federal Reserve seems to be tilting towards a tightening bias, although a very mild one. Does it have any consequences for the ECB’s policy?",
"role": "question",
"lang": "en"
},
{
"text": "Each particular central bank is following its own policy in its own environme... | [
"Mr President, the Federal Reserve seems to be tilting towards a tightening bias, although a very mild one. Does it have any consequences for the ECB’s policy?",
"Mr Trichet, does the ECB still have the same growth projection for 2004 and 2005 that it made last December, namely 1.6% GDP growth for the eurozone as... | [
"Each particular central bank is following its own policy in its own environment, of course. And all environments are different, in the U.S. or in the U.K. or anywhere in the world, or in the euro area. So, as regards our own position, I made it absolutely clear that we did not change our previous assessment. Namel... | Mr President, the Federal Reserve seems to be tilting towards a tightening bias, although a very mild one. Does it have any consequences for the ECB’s policy?
Each particular central bank is following its own policy in its own environment, of course. And all environments are different, in the U.S. or in the U.K. or an... | 28 | false | 0 | |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2004/html/is040401.en.html | 2004-04-01 | Frankfurt am Main | Jean-Claude Trichet, President of the ECB, Lucas Papademos | Jean-Claude Trichet | Lucas Papademos | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, welcome again to our press conference.",
"Before I proceed, I would like to remind you that I have conveyed the Governing Council’s sincere condolences to Jaime Caruana, Governor of the Banco de España, following the terrorist attacks in... | [] | With the transcript of the questions and answers
Ladies and gentlemen, welcome again to our press conference.
Before I proceed, I would like to remind you that I have conveyed the Governing Council’s sincere condolences to Jaime Caruana, Governor of the Banco de España, following the terrorist attacks in Madrid on 11... | 18 | [] | 0 | false | [
{
"text": "Mr. President, how important or permanent a risk to recovery and gradual recovery is the rising oil price and the decision to cut production? And then a second question: next month you will meet in Helsinki. What kind of expectations do you have for that meeting?",
"role": "question",
"lang":... | [
"Mr. President, how important or permanent a risk to recovery and gradual recovery is the rising oil price and the decision to cut production? And then a second question: next month you will meet in Helsinki. What kind of expectations do you have for that meeting?",
"As you know, the Italian government is plannin... | [
"Well, on the first point, I would say that, as we do every month, we have of course looked at all the elements that are pertinent to our overall analysis. We have, and we had, to take account of the price of oil and it is perfectly clear that any increase in the price of oil creates a problem as regards price stab... | Mr. President, how important or permanent a risk to recovery and gradual recovery is the rising oil price and the decision to cut production? And then a second question: next month you will meet in Helsinki. What kind of expectations do you have for that meeting?
Well, on the first point, I would say that, as we do ev... | 42 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2004/html/is040304.en.html | 2004-03-04 | Frankfurt am Main | Jean-Claude Trichet, President of the ECB, Lucas Papademos, Vice President of the ECB | Jean-Claude Trichet | Lucas Papademos | true | true | [
"Ladies and gentlemen, welcome again to our monthly press conference. The Vice-President and I will now report on the outcome of today's meeting of the Governing Council of the ECB.",
"Overall, the Governing Council confirmed its previous assessment of a favourable outlook for price stability in the euro area ove... | [] | Ladies and gentlemen, welcome again to our monthly press conference. The Vice-President and I will now report on the outcome of today's meeting of the Governing Council of the ECB.
Overall, the Governing Council confirmed its previous assessment of a favourable outlook for price stability in the euro area over the med... | 20 | [] | 0 | false | [
{
"text": "Mr President, you mentioned that you are expecting a gradual recovery in 2004 and 2005. Does that mean that you have downgraded the economic forecasts or staff projections as you possibly want to call them?",
"role": "question",
"lang": "en"
},
{
"text": "No, I would say that we are n... | [
"Mr President, you mentioned that you are expecting a gradual recovery in 2004 and 2005. Does that mean that you have downgraded the economic forecasts or staff projections as you possibly want to call them?",
"We note that you have dropped the reference to excess volatility in the exchange markets. Does that mea... | [
"No, I would say that we are not downgrading anything. We see the recovery as being gradual. And we said that already; there is nothing new in this observation that there is a gradual recovery under way. So, there is nothing new there.",
"No, not at all. We have made very clear what our sentiments in this respect... | Mr President, you mentioned that you are expecting a gradual recovery in 2004 and 2005. Does that mean that you have downgraded the economic forecasts or staff projections as you possibly want to call them?
No, I would say that we are not downgrading anything. We see the recovery as being gradual. And we said that alr... | 44 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2004/html/is040205.en.html | 2004-02-05 | Frankfurt | Jean-Claude Trichet, President of the ECB, Lucas Papademos, Vice President of the ECB | Jean-Claude Trichet | Lucas Papademos | true | true | [
"Ladies and gentlemen, welcome to this press conference. The Vice-President and I will now report on the outcome of today’s meeting of the Governing Council of the ECB.",
"On the basis of our economic and monetary analysis, we have concluded that there are no fundamental changes to the medium-term outlook for pri... | [] | Ladies and gentlemen, welcome to this press conference. The Vice-President and I will now report on the outcome of today’s meeting of the Governing Council of the ECB.
On the basis of our economic and monetary analysis, we have concluded that there are no fundamental changes to the medium-term outlook for price stabil... | 16 | [] | 0 | false | [
{
"text": "What message are you taking to the G7 meeting in Florida, and are you concerned that the Americans seem keen to reaffirm the Dubai commitment to exchange rate flexibility?",
"role": "question",
"lang": "en"
},
{
"text": "It is not my tradition to announce in advance anything as regard... | [
"What message are you taking to the G7 meeting in Florida, and are you concerned that the Americans seem keen to reaffirm the Dubai commitment to exchange rate flexibility?",
"Mr Trichet, the signs of the economic recovery so far are mixed and somewhat weak in many cases. Are you disappointed with the pace of the... | [
"It is not my tradition to announce in advance anything as regards the G7 meeting. I will give you a “rendez-vous” after the meeting of the G7 in Florida. We will have the usual press encounter to explain the communiqué which we will discuss with friends from all over the world, including friends from the United St... | What message are you taking to the G7 meeting in Florida, and are you concerned that the Americans seem keen to reaffirm the Dubai commitment to exchange rate flexibility?
It is not my tradition to announce in advance anything as regards the G7 meeting. I will give you a “rendez-vous” after the meeting of the G7 in Fl... | 30 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2004/html/is040108.en.html | 2004-01-08 | Frankfurt am Main | Jean-Claude Trichet, President of the ECB, Lucas Papademos, Vice President of the ECB | Jean-Claude Trichet | Lucas Papademos | true | true | [
"Ladies and gentlemen, welcome to the first press conference of 2004. Let me express the Vice-President’s and my own best wishes to you all for the New Year. We will now report on the outcome of today’s meeting of the Governing Council of the ECB, which was also attended by the President of the ECOFIN Council, Mr M... | [] | Ladies and gentlemen, welcome to the first press conference of 2004. Let me express the Vice-President’s and my own best wishes to you all for the New Year. We will now report on the outcome of today’s meeting of the Governing Council of the ECB, which was also attended by the President of the ECOFIN Council, Mr McCree... | 14 | [] | 0 | false | [
{
"text": "Do you think it would be wise or helpful for the Commission to go to court over the finance ministers’ action in November? And, secondly, what would you like the Irish Presidency to do about the Stability Pact? Should they start the process of reform or simply do nothing and hope for the best?",
... | [
"Do you think it would be wise or helpful for the Commission to go to court over the finance ministers’ action in November? And, secondly, what would you like the Irish Presidency to do about the Stability Pact? Should they start the process of reform or simply do nothing and hope for the best?",
"Is the continue... | [
"To reply to your first question: as you know, Commissioner Solbes was with us and we were informed of his views and of the procedure which takes place in Brussels, inside the Commission. We took note of what we were told. And, at this stage, we consider that each institution has its own responsibility to bear. We ... | Do you think it would be wise or helpful for the Commission to go to court over the finance ministers’ action in November? And, secondly, what would you like the Irish Presidency to do about the Stability Pact? Should they start the process of reform or simply do nothing and hope for the best?
To reply to your first q... | 33 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2003/html/is031204.en.html | 2003-12-04 | Frankfurt am Main | Jean-Claude Trichet, President of the European Central Bank, Lucas Papademos, Vice-President of the European Central Bank | Jean-Claude Trichet | Lucas Papademos | true | true | [
"With a transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I will now report on the outcome of today's meeting of the Governing Council of the ECB.",
"Following a comprehensive economic and monetary analysis, we concluded that the monetary policy stance remains appropriate t... | [] | With a transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I will now report on the outcome of today's meeting of the Governing Council of the ECB.
Following a comprehensive economic and monetary analysis, we concluded that the monetary policy stance remains appropriate to preserve pr... | 17 | [] | 0 | false | [
{
"text": "Mr Trichet, you said you discussed and you talked about the implications of the ECOFIN decision. I was wondering what impact you thought the French and German budget deficits were likely to have on the image of the euro, particularly if they do not live up to their commitments. So, would it damage th... | [
"Mr Trichet, you said you discussed and you talked about the implications of the ECOFIN decision. I was wondering what impact you thought the French and German budget deficits were likely to have on the image of the euro, particularly if they do not live up to their commitments. So, would it damage the image of the... | [
"Well, first of all I would say that we have expressed ourselves sufficiently clearly in real time not to have to elaborate too much on our analysis today. I repeated a moment ago that we are sticking to the analysis and to the diagnosis we produced in real time, immediately after the developments that took place i... | Mr Trichet, you said you discussed and you talked about the implications of the ECOFIN decision. I was wondering what impact you thought the French and German budget deficits were likely to have on the image of the euro, particularly if they do not live up to their commitments. So, would it damage the image of the euro... | 37 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2003/html/is031106.en.html | 2003-11-06 | Frankfurt am Main | Jean-Claude Trichet, President of the European Central Bank, Lucas Papademos, Vice-President of the European Central Bank | Jean-Claude Trichet | Lucas Papademos | true | true | [
"With a transcript of the questions and answers",
"Ladies and gentlemen,",
"Today marks the first time that I had the honour and the pleasure of chairing the meeting of the Governing Council of the ECB. I am delighted to now proceed with our well-established practice of real-time communication and to report on ... | [] | With a transcript of the questions and answers
Ladies and gentlemen,
Today marks the first time that I had the honour and the pleasure of chairing the meeting of the Governing Council of the ECB. I am delighted to now proceed with our well-established practice of real-time communication and to report on the outcome o... | 16 | [] | 0 | false | [
{
"text": "I noticed that the Belgian Finance Minister, Mr. Reynders, welcomed your arrival as President of the ECB, Mr. Trichet. He said he welcomed it because he had felt in the past that it was very difficult for Mr. Duisenberg to enter into a dialogue with European finance ministers about the need for inter... | [
"I noticed that the Belgian Finance Minister, Mr. Reynders, welcomed your arrival as President of the ECB, Mr. Trichet. He said he welcomed it because he had felt in the past that it was very difficult for Mr. Duisenberg to enter into a dialogue with European finance ministers about the need for interest rate cuts.... | [
"I will have exactly the same tradition, a very strong tradition, as my predecessor Wim Duisenberg. And I want to tell you how happy I am to have the legacy of the previous chair. We are a team, a team of 18 members of the Governing Council, and we all agree on the concept that we are applying. I am very happy with... | I noticed that the Belgian Finance Minister, Mr. Reynders, welcomed your arrival as President of the ECB, Mr. Trichet. He said he welcomed it because he had felt in the past that it was very difficult for Mr. Duisenberg to enter into a dialogue with European finance ministers about the need for interest rate cuts. Mr. ... | 60 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2003/html/is031013.en.html | 2003-10-13 | Moscow | Dr. Willem F. Duisenberg, President of the European Central Bank, on the occasion of the signing of the TACIS "Central Bank Training" contract and of a Protocol between the European Central Bank, the Delegation of the European Commission in Russia and the Central Bank of Russia | Willem F. Duisenberg | false | false | [
"It is a pleasure for me to be here in Moscow today.",
"While the European Central Bank is among the youngest central banks in the world, we have been actively setting up working relations with foreign central banks since our establishment in July 1998. In particular, we have already established contacts with the... | [] | It is a pleasure for me to be here in Moscow today.
While the European Central Bank is among the youngest central banks in the world, we have been actively setting up working relations with foreign central banks since our establishment in July 1998. In particular, we have already established contacts with the Central ... | 6 | [] | 0 | false | [] | [] | [] | 0 | false | 0 | ||
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2003/html/is031002.en.html | 2003-10-02 | Lisbon | Willem F. Duisenberg, President of the European Central Bank, Lucas Papademos, Vice-President of the European Central Bank | Willem F. Duisenberg | Lucas Papademos | true | true | [
"With a transcript of the questions and answers",
"Ladies and gentlemen, the Governing Council of the European Central Bank today met for the eighth time outside Frankfurt. I would like to thank both Governor Constâncio for his invitation and generous hospitality, as well as the staff of the Banco de Portugal for... | [] | With a transcript of the questions and answers
Ladies and gentlemen, the Governing Council of the European Central Bank today met for the eighth time outside Frankfurt. I would like to thank both Governor Constâncio for his invitation and generous hospitality, as well as the staff of the Banco de Portugal for an excel... | 15 | [] | 0 | false | [
{
"text": "Have you been surprised at the pace of the euro's rise against the dollar in the past months and also at the reaction of the financial markets to the G7's communiqué on exchange rate flexibility? And secondly, is the euro's current exchange rate, in your view, sufficient to facilitate an economic rec... | [
"Have you been surprised at the pace of the euro's rise against the dollar in the past months and also at the reaction of the financial markets to the G7's communiqué on exchange rate flexibility? And secondly, is the euro's current exchange rate, in your view, sufficient to facilitate an economic recovery in Europ... | [
"Well, you will not be surprised to hear that I am not going to say much about that subject. First of all, I am not and was not surprised particularly, if you realise that today's exchange rate is exactly the same as when we started on 1 January 1999, when I started. The role played by the exchange rate in our mone... | Have you been surprised at the pace of the euro's rise against the dollar in the past months and also at the reaction of the financial markets to the G7's communiqué on exchange rate flexibility? And secondly, is the euro's current exchange rate, in your view, sufficient to facilitate an economic recovery in Europe?
W... | 36 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2003/html/is030917.en.html | 2003-09-17 | Frankfurt am Main | Introductory statement by Prof. Eugenio Domingo Solans, Member of the Executive Board and Governing Council of the European Central Bank | false | false | [
"Ladies and gentlemen, designers and representatives of the banknote printing works, members of the jury,",
"On 30 August 2001, more than two years ago, I had the honour, together with the President of the European Central Bank (ECB), of unveiling the final design of the euro banknotes and giving details of the s... | [] | Ladies and gentlemen, designers and representatives of the banknote printing works, members of the jury,
On 30 August 2001, more than two years ago, I had the honour, together with the President of the European Central Bank (ECB), of unveiling the final design of the euro banknotes and giving details of the security f... | 9 | [] | 0 | false | [] | [] | [] | 0 | false | 0 | |||
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2003/html/is030904.en.html | 2003-09-04 | Frankfurt am Main | Lucas Papademos, Vice-President of the European Central Bank | Lucas Papademos | true | true | [
"With a transcript of the questions and answers",
"Ladies and gentlemen, I would like to report on the outcome of today's meeting of the Governing Council of the ECB.",
"Today the Governing Council decided to leave the key ECB interest rates unchanged. Following our regular economic and monetary analysis, we co... | [] | With a transcript of the questions and answers
Ladies and gentlemen, I would like to report on the outcome of today's meeting of the Governing Council of the ECB.
Today the Governing Council decided to leave the key ECB interest rates unchanged. Following our regular economic and monetary analysis, we concluded that ... | 13 | [] | 0 | false | [
{
"text": "I would like to ask you: in June you gave us an inflation forecast for 2004 saying that inflation would average between 0.7 and 1.9% next year, and that forecast was based on the assumption of an exchange rate of 1.16 for the euro/dollar exchange rate. I think you are now in the process of looking at... | [
"I would like to ask you: in June you gave us an inflation forecast for 2004 saying that inflation would average between 0.7 and 1.9% next year, and that forecast was based on the assumption of an exchange rate of 1.16 for the euro/dollar exchange rate. I think you are now in the process of looking at these forecas... | [
"Let me first say that in assessing the available information, and in the context of the economic analysis, we had at our disposal new ECB staff projections. These projections did take into account recent developments in all relevant variables, including the exchange rate. Now, as you know, we do not in the interim... | I would like to ask you: in June you gave us an inflation forecast for 2004 saying that inflation would average between 0.7 and 1.9% next year, and that forecast was based on the assumption of an exchange rate of 1.16 for the euro/dollar exchange rate. I think you are now in the process of looking at these forecasts to... | 29 | false | 0 | |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2003/html/is030710.en.html | 2003-07-10 | Frankfurt | Willem F. Duisenberg, President of the European Central Bank, Lucas Papademos, Vice-President of the European Central Bank | Willem F. Duisenberg | Lucas Papademos | true | true | [
"With a transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I will now report on the outcome of today's meeting of the Governing Council of the ECB, which was also attended by the President of the ECOFIN Council, Mr. Tremonti.",
"Following our regular economic and monetary an... | [] | With a transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I will now report on the outcome of today's meeting of the Governing Council of the ECB, which was also attended by the President of the ECOFIN Council, Mr. Tremonti.
Following our regular economic and monetary analysis, we ha... | 13 | [] | 0 | false | [
{
"text": "Could you tell us something more about the topics that were discussed with Mr. Tremonti, please?",
"role": "question",
"lang": "en"
},
{
"text": "I cannot tell you in substance. Mr. Tremonti gave us an outline of the plans of the Italian presidency for the second half of this year, fo... | [
"Could you tell us something more about the topics that were discussed with Mr. Tremonti, please?",
"And what was your reaction to this ...",
"Mr. President, you were talking about the downside risks and about the accumulation of macroeconomic imbalances in other countries outside the euro area. Is this the ECB... | [
"I cannot tell you in substance. Mr. Tremonti gave us an outline of the plans of the Italian presidency for the second half of this year, focusing on their by now already widely known initiative to enhance structural public investment, but financed mainly by private means, helped by the European Investment Bank.",
... | Could you tell us something more about the topics that were discussed with Mr. Tremonti, please?
I cannot tell you in substance. Mr. Tremonti gave us an outline of the plans of the Italian presidency for the second half of this year, focusing on their by now already widely known initiative to enhance structural public... | 47 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2003/html/is030605.en.html | 2003-06-05 | Frankfurt | Willem F. Duisenberg, President of the European Central Bank, Lucas Papademos, Vice-President of the European Central Bank | Willem F. Duisenberg | Lucas Papademos | true | true | [
"With a transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I will now report on the outcome of today's meeting of the Governing Council of the ECB.",
"Following a comprehensive economic and monetary analysis, we have concluded that the outlook for price stability over the me... | [] | With a transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I will now report on the outcome of today's meeting of the Governing Council of the ECB.
Following a comprehensive economic and monetary analysis, we have concluded that the outlook for price stability over the medium term has... | 17 | [] | 0 | false | [
{
"text": "Mr. Duisenberg, a question about the ECB's internal economic growth and inflation forecasts for 2003 and 2004. Was the Governing Council confronted with new staff projections at today's meeting and, if so, can you tell us what the ECB's forecasts for economic growth and inflation are currently?",
... | [
"Mr. Duisenberg, a question about the ECB's internal economic growth and inflation forecasts for 2003 and 2004. Was the Governing Council confronted with new staff projections at today's meeting and, if so, can you tell us what the ECB's forecasts for economic growth and inflation are currently?",
"Mr. President,... | [
"On the first question, I can say \"yes\". The new projections were available and will be made public in next week's Monthly Bulletin. We are not inclined to give individual figures for some orders of magnitude or variants when you cannot see them in the broader context of the all-encompassing projections as they w... | Mr. Duisenberg, a question about the ECB's internal economic growth and inflation forecasts for 2003 and 2004. Was the Governing Council confronted with new staff projections at today's meeting and, if so, can you tell us what the ECB's forecasts for economic growth and inflation are currently?
On the first question, ... | 62 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2003/html/is030508.en.html | 2003-05-08 | Frankfurt | Willem F. Duisenberg, President of the European Central Bank, Lucas Papademos, Vice-President of the European Central Bank | Willem F. Duisenberg | Lucas Papademos | true | true | [
"With a transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I will now report on the outcome of today's meeting of the Governing Council of the ECB.",
"The first news I can report is that today we successfully concluded our discussions of the ECB's monetary policy strategy. H... | [] | With a transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I will now report on the outcome of today's meeting of the Governing Council of the ECB.
The first news I can report is that today we successfully concluded our discussions of the ECB's monetary policy strategy. However, I wou... | 15 | [] | 0 | false | [
{
"text": "President Duisenberg, you said that you expect inflation fall to below 2% in the medium term. Can you tell us whether you are becoming more pessimistic that that will happen this year, or by the end of this year? And, can you tell us a little bit about how big a risk you think food prices are for inf... | [
"President Duisenberg, you said that you expect inflation fall to below 2% in the medium term. Can you tell us whether you are becoming more pessimistic that that will happen this year, or by the end of this year? And, can you tell us a little bit about how big a risk you think food prices are for inflation? And my... | [
"Whereas earlier this year we expected inflation to fall to below the upper limit of 2%, we now, due to the recent increase in oil prices, and in food prices, expect that not to happen before around the end of this year. And we also expect inflation as from then – everything else remaining unchanged, of course – to... | President Duisenberg, you said that you expect inflation fall to below 2% in the medium term. Can you tell us whether you are becoming more pessimistic that that will happen this year, or by the end of this year? And, can you tell us a little bit about how big a risk you think food prices are for inflation? And my seco... | 30 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2003/html/is030403.en.html | 2003-04-03 | Rome | Willem F. Duisenberg, President of the European Central Bank, Lucas Papademos, Vice-President of the European Central Bank | Willem F. Duisenberg | Lucas Papademos | true | true | [
"With a transcript of the questions and answers",
"Ladies and gentlemen, the Governing Council of the European Central Bank today met for the seventh time outside Frankfurt. Let me therefore thank both Governor Fazio for his invitation and generous hospitality, and the staff of the Banca d'Italia for an excellent... | [] | With a transcript of the questions and answers
Ladies and gentlemen, the Governing Council of the European Central Bank today met for the seventh time outside Frankfurt. Let me therefore thank both Governor Fazio for his invitation and generous hospitality, and the staff of the Banca d'Italia for an excellently organi... | 13 | [] | 0 | false | [
{
"text": "A question about the strategy. I would like to know if you discussed the strategy today and is it true that you would like to keep the strategy exactly the way it is now, just strengthening some data collection of the first pillar and leaving it unchanged for the rest?",
"role": "question",
"... | [
"A question about the strategy. I would like to know if you discussed the strategy today and is it true that you would like to keep the strategy exactly the way it is now, just strengthening some data collection of the first pillar and leaving it unchanged for the rest?",
"Did you discuss a specific policy move t... | [
"I am afraid I cannot discuss the evaluation of the strategy, which is under way at the moment. Our experts are actively discussing and evaluating the strategy and are preparing the Governing Council for a thorough discussion. The first discussion will take place in the context of the next Governing Council meeting... | A question about the strategy. I would like to know if you discussed the strategy today and is it true that you would like to keep the strategy exactly the way it is now, just strengthening some data collection of the first pillar and leaving it unchanged for the rest?
I am afraid I cannot discuss the evaluation of th... | 30 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2003/html/is030306.en.html | 2003-03-06 | Frankfurt | Willem F. Duisenberg, President of the European Central Bank, Lucas Papademos, Vice-President of the European Central Bank | Willem F. Duisenberg | Lucas Papademos | true | true | [
"With a transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I will report on the outcome of today's meeting of the Governing Council of the ECB.",
"We have comprehensively reviewed monetary, financial and economic developments today. We concluded that the outlook for price st... | [] | With a transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I will report on the outcome of today's meeting of the Governing Council of the ECB.
We have comprehensively reviewed monetary, financial and economic developments today. We concluded that the outlook for price stability over ... | 15 | [] | 0 | false | [
{
"text": "Why did you not cut interest rates by 50 basis points and how many of you wanted to?",
"role": "question",
"lang": "en"
},
{
"text": "The last question I will not answer, as you know. The reason \"why\" is that we thought that this cut by 25 basis points was, in the current uncertain ... | [
"Why did you not cut interest rates by 50 basis points and how many of you wanted to?",
"Mr. President, just four weeks ago you said that because of the great uncertainty a rate cut would have drowned in a sea of uncertainty. Why do you believe that now a small monetary stimulus will have an influence?",
"Did y... | [
"The last question I will not answer, as you know. The reason \"why\" is that we thought that this cut by 25 basis points was, in the current uncertain circumstances we live in, the most appropriate.",
"Four weeks ago I said that a drop then would be a drop in a sea of uncertainty and go by unnoticed. In the mean... | Why did you not cut interest rates by 50 basis points and how many of you wanted to?
The last question I will not answer, as you know. The reason "why" is that we thought that this cut by 25 basis points was, in the current uncertain circumstances we live in, the most appropriate.
Mr. President, just four weeks ago y... | 49 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2003/html/is030206.en.html | 2003-02-06 | Frankfurt | Willem F. Duisenberg, President of the European Central Bank, Lucas Papademos, Vice-President of the European Central Bank | Willem F. Duisenberg | Lucas Papademos | true | true | [
"With a transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I will report on the outcome of today's meeting of the Governing Council of the ECB.",
"We have reviewed monetary, financial and economic developments and have incorporated new information into our assessment. Overal... | [] | With a transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I will report on the outcome of today's meeting of the Governing Council of the ECB.
We have reviewed monetary, financial and economic developments and have incorporated new information into our assessment. Overall, the curren... | 11 | [] | 0 | false | [
{
"text": "Given the fact that the inflation rate looks benign and that there are still downside risks to growth, which impediments do you have to cutting rates?",
"role": "question",
"lang": "en"
},
{
"text": "The impediments to cutting rates at this moment are the big uncertainties that still ... | [
"Given the fact that the inflation rate looks benign and that there are still downside risks to growth, which impediments do you have to cutting rates?",
"Mr. Duisenberg, could you comment on whether you think this is the time for EU leaders to select an alternate candidate to succeed you, given that Mr. Trichet ... | [
"The impediments to cutting rates at this moment are the big uncertainties that still surround the figures that you mentioned. The uncertainties relating to oil prices, the geopolitical uncertainties and, well, let me say this: we were afraid that if one were to cut, at this moment, it would be a drop that would dr... | Given the fact that the inflation rate looks benign and that there are still downside risks to growth, which impediments do you have to cutting rates?
The impediments to cutting rates at this moment are the big uncertainties that still surround the figures that you mentioned. The uncertainties relating to oil prices, ... | 45 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2003/html/is030109.en.html | 2003-01-09 | Frankfurt | Willem F. Duisenberg, President of the European Central Bank, Lucas Papademos, Vice-President of the European Central Bank | Willem F. Duisenberg | Lucas Papademos | true | true | [
"With a transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I will report on the outcome of today's meeting of the Governing Council of the ECB, which was also attended by the President of the ECOFIN Council, Mr. Christodoulakis, and Commissioner Solbes.",
"We have reviewed m... | [] | With a transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I will report on the outcome of today's meeting of the Governing Council of the ECB, which was also attended by the President of the ECOFIN Council, Mr. Christodoulakis, and Commissioner Solbes.
We have reviewed monetary, fina... | 13 | [] | 0 | false | [
{
"text": "Would you agree with the opinion of some economists that the appreciation of the euro over the last couple of months is roughly equivalent to a 50 basis point rate increase by the ECB, which would have effectively neutralised your last rate cut in December? And secondly, would you agree that growth i... | [
"Would you agree with the opinion of some economists that the appreciation of the euro over the last couple of months is roughly equivalent to a 50 basis point rate increase by the ECB, which would have effectively neutralised your last rate cut in December? And secondly, would you agree that growth in the fourth q... | [
"On the first question, of course, the recent further appreciation of the euro is, in part, equivalent to a monetary \"tightening\". Apart from that, the exchange rate remains one of our important indicators which we take into account in assessing the risks to price stability when taking the overall decision, as we... | Would you agree with the opinion of some economists that the appreciation of the euro over the last couple of months is roughly equivalent to a 50 basis point rate increase by the ECB, which would have effectively neutralised your last rate cut in December? And secondly, would you agree that growth in the fourth quarte... | 20 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2002/html/is021205.en.html | 2002-12-05 | Frankfurt | Willem F. Duisenberg, President of the European Central Bank, Lucas Papademos, Vice-President of the European Central Bank | Willem F. Duisenberg | Lucas Papademos | true | true | [
"With a transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I will now report on the outcome of today's meeting of the Governing Council of the ECB.",
"We continued our in-depth assessment of monetary, financial and economic developments and the discussions we had in early No... | [] | With a transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I will now report on the outcome of today's meeting of the Governing Council of the ECB.
We continued our in-depth assessment of monetary, financial and economic developments and the discussions we had in early November on the... | 19 | [] | 0 | false | [
{
"text": "Mr. Duisenberg, particularly given the size of today's rate cut, would we be right in thinking – as far as you are concerned – that this rate cut clears the air for some time to come? Or, I mean, have you implicitly left some margin for manoeuvre in the case of a major shock like a war in Iraq? And a... | [
"Mr. Duisenberg, particularly given the size of today's rate cut, would we be right in thinking – as far as you are concerned – that this rate cut clears the air for some time to come? Or, I mean, have you implicitly left some margin for manoeuvre in the case of a major shock like a war in Iraq? And also, was there... | [
"... I think the first question I would answer in the affirmative.",
"We always have serious debates, but ...",
"We weighed the pros and cons of a quarter versus half a point. And, in the end, there was – again – as usual, consensus that half a point was called for.",
"Since 7 November there has not been any ... | Mr. Duisenberg, particularly given the size of today's rate cut, would we be right in thinking – as far as you are concerned – that this rate cut clears the air for some time to come? Or, I mean, have you implicitly left some margin for manoeuvre in the case of a major shock like a war in Iraq? And also, was there a se... | 36 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2002/html/is021107.en.html | 2002-11-07 | Frankfurt | Willem F. Duisenberg, President of the European Central Bank, Lucas Papademos, Vice-President of the European Central Bank | Willem F. Duisenberg | Lucas Papademos | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I will report on the outcome of today's meeting of the Governing Council of the ECB.",
"We have reviewed monetary, financial and economic developments and updated our assessment in the light of the information avai... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I will report on the outcome of today's meeting of the Governing Council of the ECB.
We have reviewed monetary, financial and economic developments and updated our assessment in the light of the information available. In vie... | 13 | [] | 0 | false | [
{
"text": "I have two questions. First, could you perhaps describe the extensive discussions that you had about cutting the interest rates, and perhaps, in particular, describe what the arguments in favour of cutting the rates were and tell us how evenly balanced they were? Second, given that you are here to se... | [
"I have two questions. First, could you perhaps describe the extensive discussions that you had about cutting the interest rates, and perhaps, in particular, describe what the arguments in favour of cutting the rates were and tell us how evenly balanced they were? Second, given that you are here to serve the people... | [
"Let me answer the last question first. If we had done something with interest rates, either earlier or today, the same people would have lost their jobs as well, because monetary policy cannot give such an incentive to either employment, in this case, or economic growth, at least not in the short term. And so, I b... | I have two questions. First, could you perhaps describe the extensive discussions that you had about cutting the interest rates, and perhaps, in particular, describe what the arguments in favour of cutting the rates were and tell us how evenly balanced they were? Second, given that you are here to serve the people of E... | 33 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2002/html/is021010.en.html | 2002-10-10 | Frankfurt | Willem F. Duisenberg, President of the European Central Bank, Lucas Papademos, Vice-President of the European Central Bank | Willem F. Duisenberg | Lucas Papademos | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I will report on the outcome of today's meeting of the Governing Council of the ECB.",
"Today, the Governing Council continued its in-depth examination of monetary, financial and economic developments, incorporatin... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I will report on the outcome of today's meeting of the Governing Council of the ECB.
Today, the Governing Council continued its in-depth examination of monetary, financial and economic developments, incorporating in its asse... | 13 | [] | 0 | false | [
{
"text": "Mr. Duisenberg, I have two questions. The first question is: in Brussels, on Tuesday, you said that the ECB is \"right to keep its powder dry\". This means there is some powder but you don't want to use it now. Is this interpretation right? And my second question is....",
"role": "question",
... | [
"Mr. Duisenberg, I have two questions. The first question is: in Brussels, on Tuesday, you said that the ECB is \"right to keep its powder dry\". This means there is some powder but you don't want to use it now. Is this interpretation right? And my second question is....",
"My second question is: do you mean that... | [
"My answer to the first question is \"yes\".",
"Yes, I say \"yes\" again... and they should start as soon as possible. But in the statement issued by the Ministers, together with us, it says \"at least one-half percent\".",
"First of all, on the – may I call it – \"robustness\" of financial institutions, genera... | Mr. Duisenberg, I have two questions. The first question is: in Brussels, on Tuesday, you said that the ECB is "right to keep its powder dry". This means there is some powder but you don't want to use it now. Is this interpretation right? And my second question is....
My answer to the first question is "yes".
My seco... | 39 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2002/html/is020912.en.html | 2002-09-12 | Frankfurt | Willem F. Duisenberg, President of the European Central Bank, Lucas Papademos, Vice-President of the European Central Bank | Willem F. Duisenberg | Lucas Papademos | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I will report on the outcome of today's meeting of the Governing Council of the ECB, which was also attended by the President of the Eurogroup, Mr. Christodoulakis, and Commissioner Solbes.",
"At today's meeting, t... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I will report on the outcome of today's meeting of the Governing Council of the ECB, which was also attended by the President of the Eurogroup, Mr. Christodoulakis, and Commissioner Solbes.
At today's meeting, the Governing ... | 13 | [] | 0 | false | [
{
"text": "Mr. President, the Consensus forecast for GDP growth has been cut to less than 1% for this year for the euro area, and it has also been cut for next year. Does the ECB share this, let's say, Consensus opinion?",
"role": "question",
"lang": "en"
},
{
"text": "Yes.",
"role": "answer... | [
"Mr. President, the Consensus forecast for GDP growth has been cut to less than 1% for this year for the euro area, and it has also been cut for next year. Does the ECB share this, let's say, Consensus opinion?",
"Mr. Duisenberg, you mentioned oil prices just now as a concern for the inflation outlook. Some euro ... | [
"Yes.",
"Well, if there is a jump in oil prices, as there has been already, in the first instance it is a danger, an upward risk for inflation. And – in the sense that there is basically a real transfer of resources going on in this direction – it is a threat for the pace of the recovery. What the ECB can do abou... | Mr. President, the Consensus forecast for GDP growth has been cut to less than 1% for this year for the euro area, and it has also been cut for next year. Does the ECB share this, let's say, Consensus opinion?
Yes.
Mr. Duisenberg, you mentioned oil prices just now as a concern for the inflation outlook. Some euro are... | 33 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2002/html/is020704.en.html | 2002-07-04 | Luxembourg | Willem F. Duisenberg, President of the European Central Bank, Lucas Papademos, Vice-President of the European Central Bank | Willem F. Duisenberg | Lucas Papademos | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Governing Council of the European Central Bank met today for the sixth time outside Frankfurt. First of all I would like to thank our host, Governor Mersch, and the staff of the Banque centrale du Luxembourg, for the invitation and for... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Governing Council of the European Central Bank met today for the sixth time outside Frankfurt. First of all I would like to thank our host, Governor Mersch, and the staff of the Banque centrale du Luxembourg, for the invitation and for the gene... | 11 | [] | 0 | false | [
{
"text": "Mr. Duisenberg, how concerned are you about the fall in equity markets on consumer and business confidence?",
"role": "question",
"lang": "en"
},
{
"text": "It is always difficult to say how concerned we are. I am not without concern, both with a view to the developments in the United... | [
"Mr. Duisenberg, how concerned are you about the fall in equity markets on consumer and business confidence?",
"Is the fall in the equity markets more of a problem to consumers or to businesses?",
"Mr. Duisenberg, you talked about new, more mixed evidence for inflationary prospects. Would you go so far as to sa... | [
"It is always difficult to say how concerned we are. I am not without concern, both with a view to the developments in the United States and with regard to the European equity markets. But it is one of the factors we look at in assessing our monetary policy stance. And, as you know, we have decided to keep our mone... | Mr. Duisenberg, how concerned are you about the fall in equity markets on consumer and business confidence?
It is always difficult to say how concerned we are. I am not without concern, both with a view to the developments in the United States and with regard to the European equity markets. But it is one of the factor... | 42 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2002/html/is020606.en.html | 2002-06-06 | Frankfurt am Main | Willem F. Duisenberg, President of the European Central Bank, Lucas Papademos, Vice-President of the European Central Bank | Willem F. Duisenberg | Lucas Papademos | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, Mr. Papademos, the new Vice-President of the ECB, and I will now report on the outcome of today's meeting of the Governing Council of the ECB.",
"The Governing Council undertook a comprehensive examination of monetary, financial and econ... | [] | With the transcript of the questions and answers
Ladies and gentlemen, Mr. Papademos, the new Vice-President of the ECB, and I will now report on the outcome of today's meeting of the Governing Council of the ECB.
The Governing Council undertook a comprehensive examination of monetary, financial and economic developm... | 11 | [] | 0 | false | [
{
"text": "Mr. President, you said that the outlook for price stability has worsened. I assume that that will be backed up by your staff forecasts that are to be released shortly. Can you say something on how much these forecasts would probably be affected if the euro appreciation of the last weeks would stay? ... | [
"Mr. President, you said that the outlook for price stability has worsened. I assume that that will be backed up by your staff forecasts that are to be released shortly. Can you say something on how much these forecasts would probably be affected if the euro appreciation of the last weeks would stay? If the euro wo... | [
"It is, as I said, still too early to say. Just before the end of last year, we expected, as you know, inflation to fall to what we then called safely below 2% in the early part of this year. Now, the developments in January, the weather conditions and the oil price hikes in January and February have crossed this e... | Mr. President, you said that the outlook for price stability has worsened. I assume that that will be backed up by your staff forecasts that are to be released shortly. Can you say something on how much these forecasts would probably be affected if the euro appreciation of the last weeks would stay? If the euro would s... | 35 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2002/html/is020502.en.html | 2002-05-02 | Frankfurt am Main | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I will now report on the outcome of today's meeting of the Governing Council of the ECB.",
"The Governing Council comprehensively examined monetary, financial and economic developments and also considered the accum... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I will now report on the outcome of today's meeting of the Governing Council of the ECB.
The Governing Council comprehensively examined monetary, financial and economic developments and also considered the accumulated change... | 11 | [] | 0 | false | [
{
"text": "Mr. Duisenberg, among the risks for economic recovery you mentioned existing imbalances elsewhere. Could you therefore please say what you had or have in mind and what would be the worst case scenario if these risks materialised?",
"role": "question",
"lang": "en"
},
{
"text": "The ma... | [
"Mr. Duisenberg, among the risks for economic recovery you mentioned existing imbalances elsewhere. Could you therefore please say what you had or have in mind and what would be the worst case scenario if these risks materialised?",
"Mr. President, will inflation in the euro zone still be below 2% on average this... | [
"The main risk I have in mind is the huge and growing current account deficit of over 4% of GDP in the United States which, I am inclined to say, is a risk to the world economy. I am not, however, going to speculate about what would happen should this situation develop further. I hope it can be contained in due cou... | Mr. Duisenberg, among the risks for economic recovery you mentioned existing imbalances elsewhere. Could you therefore please say what you had or have in mind and what would be the worst case scenario if these risks materialised?
The main risk I have in mind is the huge and growing current account deficit of over 4% o... | 29 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2002/html/is020404.en.html | 2002-04-04 | Frankfurt am Main | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I will now report on the outcome of today's meeting of the Governing Council of the ECB.",
"As usual, we examined recent monetary, financial and economic developments . The Governing Council concluded that the curr... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I will now report on the outcome of today's meeting of the Governing Council of the ECB.
As usual, we examined recent monetary, financial and economic developments . The Governing Council concluded that the current level of ... | 11 | [] | 0 | false | [
{
"text": "From what you have just said about oil prices and the rest of your introductory statement, can you still say that you are confident that, on average, inflation will be below 2% this year and, if it is not, what are the wider credibility issues involved? Is there one for the European Central Bank?",
... | [
"From what you have just said about oil prices and the rest of your introductory statement, can you still say that you are confident that, on average, inflation will be below 2% this year and, if it is not, what are the wider credibility issues involved? Is there one for the European Central Bank?",
"Mr. Presiden... | [
"We still think that inflation will fall to below 2% later this year, i.e. in the coming months, and, on average, we still think and are confident that it will be below but close to 2%.",
"Well, consumer confidence remained broadly unchanged in March, while it has increased slightly in the first quarter of 2002 a... | From what you have just said about oil prices and the rest of your introductory statement, can you still say that you are confident that, on average, inflation will be below 2% this year and, if it is not, what are the wider credibility issues involved? Is there one for the European Central Bank?
We still think that i... | 28 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2002/html/is020307.en.html | 2002-03-07 | Frankfurt am Main | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I will now report on the outcome of today's meeting of the Governing Council of the ECB.",
"First of all, we were pleased to see that the euro cash changeover went so smoothly – more smoothly in fact than we could ... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I will now report on the outcome of today's meeting of the Governing Council of the ECB.
First of all, we were pleased to see that the euro cash changeover went so smoothly – more smoothly in fact than we could have hoped. T... | 14 | [] | 0 | false | [
{
"text": "First question: Hans Eichel declared today that he expected end-of-year growth of 3%. Do you consider this expectation reasonable? Second question: with regard to the liberalisation of energy markets, which Heads of State or Government are going to discuss in Barcelona next week, do you think that th... | [
"First question: Hans Eichel declared today that he expected end-of-year growth of 3%. Do you consider this expectation reasonable? Second question: with regard to the liberalisation of energy markets, which Heads of State or Government are going to discuss in Barcelona next week, do you think that this is a struct... | [
"As I said in my introductory remarks, we expect economic growth towards the end of this year to be back at its potential output level, and our estimate is that the annual potential output rate is close to 2.5%. As for energy markets, although these were not discussed today, I do hope that the summit in Barcelona w... | First question: Hans Eichel declared today that he expected end-of-year growth of 3%. Do you consider this expectation reasonable? Second question: with regard to the liberalisation of energy markets, which Heads of State or Government are going to discuss in Barcelona next week, do you think that this is a structural ... | 31 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2002/html/is020207.en.html | 2002-02-07 | Maastricht | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, as the Treaty on European Union was signed in Maastricht exactly ten years ago today, it was decided that it would be fitting to hold the fifth meeting of the Governing Council of the ECB outside Frankfurt here in this city in order to mar... | [] | With the transcript of the questions and answers
Ladies and gentlemen, as the Treaty on European Union was signed in Maastricht exactly ten years ago today, it was decided that it would be fitting to hold the fifth meeting of the Governing Council of the ECB outside Frankfurt here in this city in order to mark the ten... | 11 | [] | 0 | false | [
{
"text": "President, with regard to the debate on the Stability Pact, two questions, if I may. Do you think it is appropriate to give an early warning even if you don't have any measures to suggest? And the second question, what do you think is the appropriate way for governments to react to such an early warn... | [
"President, with regard to the debate on the Stability Pact, two questions, if I may. Do you think it is appropriate to give an early warning even if you don't have any measures to suggest? And the second question, what do you think is the appropriate way for governments to react to such an early warning?",
"Mr. ... | [
"I know that this is very much under discussion. The early warning has been issued by the European Commission. An early warning, that is the procedure, has to be accompanied by a recommendation. The recommendation can be: \"Please, government, stick to your policies and see to it that an excessive deficit is not re... | President, with regard to the debate on the Stability Pact, two questions, if I may. Do you think it is appropriate to give an early warning even if you don't have any measures to suggest? And the second question, what do you think is the appropriate way for governments to react to such an early warning?
I know that t... | 36 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2002/html/is020103.en.html | 2002-01-03 | Frankfurt am Main | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I will report on the outcome of today's meeting of the Governing Council of the ECB, which was also attended by the President of the ECOFIN Council, Mr. Rato, as well as by Commissioner Solbes.",
"As usual, we exam... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I will report on the outcome of today's meeting of the Governing Council of the ECB, which was also attended by the President of the ECOFIN Council, Mr. Rato, as well as by Commissioner Solbes.
As usual, we examined recent m... | 11 | [] | 0 | false | [
{
"text": "Dr. Duisenberg, on structural reform, when you talk to economists about the euro's exchange rate weakness with the dollar, some of them don't point to anything to do with the currency per se but talk about the lack of structural reform, particularly in labour markets and particularly in Germany, for ... | [
"Dr. Duisenberg, on structural reform, when you talk to economists about the euro's exchange rate weakness with the dollar, some of them don't point to anything to do with the currency per se but talk about the lack of structural reform, particularly in labour markets and particularly in Germany, for a factor which... | [
"Duisenberg . There has been some progress with structural reform. It is certainly not the case that nothing has been done in the past couple of years, but it is certainly not enough. And it has to be continued with force, we hope, and that is also everything that the governments are working towards, especially the... | Dr. Duisenberg, on structural reform, when you talk to economists about the euro's exchange rate weakness with the dollar, some of them don't point to anything to do with the currency per se but talk about the lack of structural reform, particularly in labour markets and particularly in Germany, for a factor which keep... | 24 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2001/html/is011213.en.html | 2001-12-13 | Frankfurt am Main | Willem F. Duisenberg, President of the European Central Bank | Willem F. Duisenberg | false | false | [
"First of all, I should like to stress that the signing of the current agreement by the Director of Europol, Mr. Storbeck, and myself marks a very important step in the co-operation between our two institutions, while being neither its start nor its culmination. This will be an ongoing process of close co-operation... | [] | First of all, I should like to stress that the signing of the current agreement by the Director of Europol, Mr. Storbeck, and myself marks a very important step in the co-operation between our two institutions, while being neither its start nor its culmination. This will be an ongoing process of close co-operation, whi... | 6 | [] | 0 | false | [] | [] | [] | 0 | false | 0 | ||
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2001/html/is011206.en.html | 2001-12-06 | Frankfurt am Main | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With a transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meeting of the Governing Council of the ECB.",
"The Governing Council conducted a comprehensive examination of recent monetary and economic developments in order to asse... | [] | With a transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meeting of the Governing Council of the ECB.
The Governing Council conducted a comprehensive examination of recent monetary and economic developments in order to assess the prospe... | 19 | [] | 0 | false | [
{
"text": "Mr. Duisenberg, the Italian Prime Minister has suggested that governments should delay the date on which they balance their budgets until beyond 2004. I would like to know how that would affect the overall policy mix in the euro zone if it were implemented. Also, Alan Greenspan has suggested with reg... | [
"Mr. Duisenberg, the Italian Prime Minister has suggested that governments should delay the date on which they balance their budgets until beyond 2004. I would like to know how that would affect the overall policy mix in the euro zone if it were implemented. Also, Alan Greenspan has suggested with regard to the wea... | [
"It's strange that I have to answer questions which are raised by others, but as far as the Italian Prime Minister is concerned I have not seen it. Our position is that countries should strictly adhere to the aims set in their own stability programmes to reach a budget which is in balance or in surplus by 2003 or 2... | Mr. Duisenberg, the Italian Prime Minister has suggested that governments should delay the date on which they balance their budgets until beyond 2004. I would like to know how that would affect the overall policy mix in the euro zone if it were implemented. Also, Alan Greenspan has suggested with regard to the weakness... | 27 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2001/html/is011108.en.html | 2001-11-08 | Frankfurt am Main | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With a transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meeting of the Governing Council of the ECB.",
"The Governing Council conducted a comprehensive and in-depth examination of monetary and economic developments. Against t... | [] | With a transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meeting of the Governing Council of the ECB.
The Governing Council conducted a comprehensive and in-depth examination of monetary and economic developments. Against the background... | 15 | [] | 0 | false | [
{
"text": "Mr. President, in spring 1999 the ECB cut the main rate to 2.5% because deflation seemed to be just around the corner. How do you compare that situation with this one?",
"role": "question",
"lang": "en"
},
{
"text": "Now, deflation does not seem to be just around the corner, but HICP ... | [
"Mr. President, in spring 1999 the ECB cut the main rate to 2.5% because deflation seemed to be just around the corner. How do you compare that situation with this one?",
"You said in Vienna that it would be an unwise decision to change the leadership of the ECB in the next twelve months. What did you mean by tha... | [
"Now, deflation does not seem to be just around the corner, but HICP will be safely under the 2% limit we have set as the maximum which is compatible with price stability.",
"I meant every word I said and I have nothing to add to it.",
"Not at all. The Governing Council conducted an in-depth review and made an ... | Mr. President, in spring 1999 the ECB cut the main rate to 2.5% because deflation seemed to be just around the corner. How do you compare that situation with this one?
Now, deflation does not seem to be just around the corner, but HICP will be safely under the 2% limit we have set as the maximum which is compatible wi... | 40 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2001/html/is011011.en.html | 2001-10-11 | Vienna | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With a transcript of the questions and answers",
"Ladies and gentlemen, the Governing Council of the European Central Bank met today for the fourth time outside Frankfurt. Let me first of all thank our host, Governor Liebscher, and the staff of the Oesterreichische Nationalbank, for the invitation to Vienna and ... | [] | With a transcript of the questions and answers
Ladies and gentlemen, the Governing Council of the European Central Bank met today for the fourth time outside Frankfurt. Let me first of all thank our host, Governor Liebscher, and the staff of the Oesterreichische Nationalbank, for the invitation to Vienna and for the g... | 11 | [] | 0 | false | [
{
"text": "Mr. Duisenberg, what can European policy makers actually do to help the European economy? Governments cannot really stand more, it seems, because of the Stability Pact, and as your action showed today, the ECB does not feel like it is in a position to cut interest rates. The other question I have is:... | [
"Mr. Duisenberg, what can European policy makers actually do to help the European economy? Governments cannot really stand more, it seems, because of the Stability Pact, and as your action showed today, the ECB does not feel like it is in a position to cut interest rates. The other question I have is: On 17 Septemb... | [
"As to the first question, I think governments have responded and I think it is exaggerated also to say that governments cannot respond. As I said in my introductory statement, we fully accept that it is natural that adverse economic development or slower economic growth will not fail to have an impact on budgetary... | Mr. Duisenberg, what can European policy makers actually do to help the European economy? Governments cannot really stand more, it seems, because of the Stability Pact, and as your action showed today, the ECB does not feel like it is in a position to cut interest rates. The other question I have is: On 17 September th... | 26 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2001/html/is010830.en.html | 2001-08-30 | Frankfurt am Main | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With a transcript of the questions and answers",
"Ladies and gentlemen, I am here to report on the outcome of today's meeting of the Governing Council of the ECB, which was also attended by Mr. Reynders, President of the EU Council, and Mr. Solbes from the European Commission.",
"Following its regular examinat... | [] | With a transcript of the questions and answers
Ladies and gentlemen, I am here to report on the outcome of today's meeting of the Governing Council of the ECB, which was also attended by Mr. Reynders, President of the EU Council, and Mr. Solbes from the European Commission.
Following its regular examination of moneta... | 14 | [] | 0 | false | [
{
"text": "Mr. Duisenberg, can you tell us whether your monetary policy now has an easing bias or, indeed, whether you think that interest rates will be on hold for some time to come?",
"role": "question",
"lang": "en"
},
{
"text": "I cannot forecast when another move will come, or in what direc... | [
"Mr. Duisenberg, can you tell us whether your monetary policy now has an easing bias or, indeed, whether you think that interest rates will be on hold for some time to come?",
"Do you think you and your fellow Council members underestimated the impact that the US slowdown would have on the euro area?",
"Mr. Pre... | [
"I cannot forecast when another move will come, or in what direction it might be. When new information becomes available we will take a decision on the course of action required. But I should say that there is no such thing as a bias in our decision today. We are of the opinion that we have today set the monetary p... | Mr. Duisenberg, can you tell us whether your monetary policy now has an easing bias or, indeed, whether you think that interest rates will be on hold for some time to come?
I cannot forecast when another move will come, or in what direction it might be. When new information becomes available we will take a decision on... | 16 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2001/html/is010705.en.html | 2001-07-05 | Frankfurt am Main | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With a transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meeting of the Governing Council of the ECB, which was also attended by Mr. Reynders, President of the EU Council, and Mr. Solbes from the European Commission.",
"As usu... | [] | With a transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meeting of the Governing Council of the ECB, which was also attended by Mr. Reynders, President of the EU Council, and Mr. Solbes from the European Commission.
As usual, we conduc... | 17 | [] | 0 | false | [
{
"text": "Two questions, if you will allow. During the last quarter of 2000 and the first quarter of 2001 you underestimated the slowdown in the United States and its impact on the euro zone, just as the governments did. Now, today, you seem to be very optimistic. You talk of a growth potential which will be f... | [
"Two questions, if you will allow. During the last quarter of 2000 and the first quarter of 2001 you underestimated the slowdown in the United States and its impact on the euro zone, just as the governments did. Now, today, you seem to be very optimistic. You talk of a growth potential which will be fulfilled in 20... | [
"It may have struck you that I used the same language today as I used at the last press conference, namely that output growth is expected to be broadly in line with the trend potential growth. That is the best estimate that we have. And it is true that we already had to lower our expectations or forecasts some time... | Two questions, if you will allow. During the last quarter of 2000 and the first quarter of 2001 you underestimated the slowdown in the United States and its impact on the euro zone, just as the governments did. Now, today, you seem to be very optimistic. You talk of a growth potential which will be fulfilled in 2001 an... | 32 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2001/html/is010621.en.html | 2001-06-21 | Dublin | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With a transcript of the questions and answers",
"Ladies and gentlemen,",
"Today, the Governing Council met for the third time outside Frankfurt. Therefore, let me first of all thank our host, Governor O'Connell, for inviting us to meet in Dublin and for the generous hospitality offered to us. Our meeting was ... | [] | With a transcript of the questions and answers
Ladies and gentlemen,
Today, the Governing Council met for the third time outside Frankfurt. Therefore, let me first of all thank our host, Governor O'Connell, for inviting us to meet in Dublin and for the generous hospitality offered to us. Our meeting was also attended... | 14 | [] | 0 | false | [
{
"text": "Mr. Duisenberg, I was just wondering: you have been predicting for some time that inflation rates will start to come down. We had inflation figures out of Germany today that show - at least the first state reporting out of Germany - that the year-on-year inflation rate is lower than last month. Would... | [
"Mr. Duisenberg, I was just wondering: you have been predicting for some time that inflation rates will start to come down. We had inflation figures out of Germany today that show - at least the first state reporting out of Germany - that the year-on-year inflation rate is lower than last month. Would you say that ... | [
"We regard it as not unlikely.",
"Well, I would not say that. We chose our definition for price stability on well-founded grounds as an inflation rate of no more than 2% two-and-a-half years ago now. It is true that for, I believe, 40% of the period for which we have been working, inflation has been in excess of ... | Mr. Duisenberg, I was just wondering: you have been predicting for some time that inflation rates will start to come down. We had inflation figures out of Germany today that show - at least the first state reporting out of Germany - that the year-on-year inflation rate is lower than last month. Would you say that it is... | 35 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2001/html/is010607.en.html | 2001-06-07 | Frankfurt am Main | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With a transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meetings of the General Council and the Governing Council of the ECB.",
"The Governing Council conducted its regular examination of monetary and economic developments an... | [] | With a transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meetings of the General Council and the Governing Council of the ECB.
The Governing Council conducted its regular examination of monetary and economic developments and analysed th... | 18 | [] | 0 | false | [
{
"text": "Mr. President, I haven't heard you in a long time say, unprompted, that there's a strong interest in a strong euro. Could you give us a little bit of background on why you felt it was necessary to slip that phrase into today's communiqué? Is it an inflation problem? And the other question I have is: ... | [
"Mr. President, I haven't heard you in a long time say, unprompted, that there's a strong interest in a strong euro. Could you give us a little bit of background on why you felt it was necessary to slip that phrase into today's communiqué? Is it an inflation problem? And the other question I have is: when you look ... | [
"The phrase I used about the euro, that a strong euro is in the interest of the euro area, is indeed nothing new, but I believe I cannot repeat it often enough.",
"Oh yes, well, we have to say it sometimes.",
"Let's turn to the second question: the forecast to be published next week will be based on the broad f... | Mr. President, I haven't heard you in a long time say, unprompted, that there's a strong interest in a strong euro. Could you give us a little bit of background on why you felt it was necessary to slip that phrase into today's communiqué? Is it an inflation problem? And the other question I have is: when you look at so... | 37 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2001/html/is010510.en.html | 2001-05-10 | Frankfurt am Main | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With a transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meeting of the Governing Council of the ECB.",
"The Governing Council conducted its regular examination of monetary and economic developments and analysed their implicat... | [] | With a transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meeting of the Governing Council of the ECB.
The Governing Council conducted its regular examination of monetary and economic developments and analysed their implications for the ... | 15 | [] | 0 | false | [
{
"text": "Mr. President, you just spoke about the wage policy on a very general level. Recently, your colleague, President Welteke, made some critical remarks, in particular, with regard to the wage negotiations of German pilots. In your view, do you think that there is a danger that these negotiations could s... | [
"Mr. President, you just spoke about the wage policy on a very general level. Recently, your colleague, President Welteke, made some critical remarks, in particular, with regard to the wage negotiations of German pilots. In your view, do you think that there is a danger that these negotiations could send out the wr... | [
"I will not comment on any particular wage negotiations occurring here and there. I am aware that in some pockets of the euro area, wage developments do heighten our need to remain vigilant. But, as I said in my introduction, so far, wage moderation has been gratifyingly present across the euro area as a whole and ... | Mr. President, you just spoke about the wage policy on a very general level. Recently, your colleague, President Welteke, made some critical remarks, in particular, with regard to the wage negotiations of German pilots. In your view, do you think that there is a danger that these negotiations could send out the wrong s... | 39 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2001/html/is010411.en.html | 2001-04-11 | Frankfurt am Main | Introductory statement Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With a transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meeting of the Governing Council of the ECB, which was also attended by the President of the Eurogroup, Mr. Reynders.",
"The Governing Council conducted its regular exam... | [] | With a transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meeting of the Governing Council of the ECB, which was also attended by the President of the Eurogroup, Mr. Reynders.
The Governing Council conducted its regular examination of mo... | 12 | [] | 0 | false | [
{
"text": "I have difficulties in understanding your statement, because if I listen to your presentation I have the impression that interest rates will be decreased because inflation risks have gone down and external risk has increased. So, logically, you should reduce your interest rates, although you were say... | [
"I have difficulties in understanding your statement, because if I listen to your presentation I have the impression that interest rates will be decreased because inflation risks have gone down and external risk has increased. So, logically, you should reduce your interest rates, although you were saying \"no, we s... | [
"Well, two years ago we did as you said we did. At that time, the two pillars were pointing in different directions, which meant that the decision was not an easy one. Today, as I indicated, the information from the first pillar indicates that upward risks to price stability have diminished over the past few months... | I have difficulties in understanding your statement, because if I listen to your presentation I have the impression that interest rates will be decreased because inflation risks have gone down and external risk has increased. So, logically, you should reduce your interest rates, although you were saying "no, we should ... | 44 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2001/html/is010301.en.html | 2001-03-01 | Frankfurt am Main | Introductory statement Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With a transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meeting of the Governing Council of the ECB.",
"The Governing Council conducted its regular examination of monetary and economic developments and analysed their implicat... | [] | With a transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meeting of the Governing Council of the ECB.
The Governing Council conducted its regular examination of monetary and economic developments and analysed their implications for the ... | 10 | [] | 0 | false | [
{
"text": "Mr. President. During your recent visit to Britain, Mr. Romano Prodi said about being in the euro zone, and I quote, \"if you are in, you have your man in the European Central Bank, giving his contribution to the control of the economy\", giving the impression that the ECB is taking its decisions alo... | [
"Mr. President. During your recent visit to Britain, Mr. Romano Prodi said about being in the euro zone, and I quote, \"if you are in, you have your man in the European Central Bank, giving his contribution to the control of the economy\", giving the impression that the ECB is taking its decisions along national li... | [
"That's quite a story, but I can answer both questions in one sentence. The ECB exclusively takes a euro area-wide perspective. So, in the preparation of its decisions, it takes a euro area-wide perspective and there is no question that monetary policy will be decided along considerations of national or regional in... | Mr. President. During your recent visit to Britain, Mr. Romano Prodi said about being in the euro zone, and I quote, "if you are in, you have your man in the European Central Bank, giving his contribution to the control of the economy", giving the impression that the ECB is taking its decisions along national lines. An... | 55 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2001/html/is010201.en.html | 2001-02-01 | Frankfurt am Main | Introductory statement Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With a transcript of the questions and answers",
"Ladies and gentlemen, let me welcome you to our first press conference of 2001. The Vice-President and I are here to report, as we have done for more than two years now, on the outcome of today's meeting of the Governing Council of the ECB, which was also attende... | [] | With a transcript of the questions and answers
Ladies and gentlemen, let me welcome you to our first press conference of 2001. The Vice-President and I are here to report, as we have done for more than two years now, on the outcome of today's meeting of the Governing Council of the ECB, which was also attended by the ... | 18 | [] | 0 | false | [
{
"text": "President Duisenberg, do you expect to maintain your monetary stance for the foreseeable future or do things these days just look too uncertain to say something like that. The other question I have is about your inflation and growth projections. Mr. Issing has already said that the projections releas... | [
"President Duisenberg, do you expect to maintain your monetary stance for the foreseeable future or do things these days just look too uncertain to say something like that. The other question I have is about your inflation and growth projections. Mr. Issing has already said that the projections released in December... | [
"For the foreseeable future, I cannot answer. We need more information about actual developments on which to base future decisions. For the time being, in the words used by the IMF in its final statement of the day before yesterday, which will be published shortly, we are well advised to adopt an attitude of \"wait... | President Duisenberg, do you expect to maintain your monetary stance for the foreseeable future or do things these days just look too uncertain to say something like that. The other question I have is about your inflation and growth projections. Mr. Issing has already said that the projections released in December were... | 34 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2000/html/is001214.en.html | 2000-12-14 | Frankfurt am Main | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With a transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meeting of the Governing Council of the ECB.",
"Let me first report that the Governing Council decided to reconfirm the existing reference value for monetary growth , na... | [] | With a transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meeting of the Governing Council of the ECB.
Let me first report that the Governing Council decided to reconfirm the existing reference value for monetary growth , namely an annua... | 21 | [] | 0 | false | [
{
"text": "President Duisenberg, how would you comment on the statement Alan Greenspan made on 6 December. He said, \"Do not worry - we may reduce interest rates if there is too quick a slowdown in the United States.\" What do you think? Will this have as an impact on Euroland. And the next question is: how do ... | [
"President Duisenberg, how would you comment on the statement Alan Greenspan made on 6 December. He said, \"Do not worry - we may reduce interest rates if there is too quick a slowdown in the United States.\" What do you think? Will this have as an impact on Euroland. And the next question is: how do you feel about... | [
"Usually, I think that a central banker should not comment on speeches of other central bankers, so I will refrain from commenting on the speech presented by my colleague, Greenspan, last week. The development of the exchange rate of the euro is - I must say - completely in line with what we have said and expressed... | President Duisenberg, how would you comment on the statement Alan Greenspan made on 6 December. He said, "Do not worry - we may reduce interest rates if there is too quick a slowdown in the United States." What do you think? Will this have as an impact on Euroland. And the next question is: how do you feel about the ex... | 41 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2000/html/is001102.en.html | 2000-11-02 | Frankfurt am Main | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With a transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meeting of the Governing Council of the ECB.",
"The Governing Council conducted its regular examination of monetary and economic developments and their implications for ... | [] | With a transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meeting of the Governing Council of the ECB.
The Governing Council conducted its regular examination of monetary and economic developments and their implications for the maintenan... | 17 | [] | 0 | false | [
{
"text": "President Duisenberg, I have a question with respect to your open market operations. The EONIA seems to drop considerably before the end of the reserve period every month, indicating excess liquidity in the market, and the recent research paper by two of your economists seems to suggest that this may... | [
"President Duisenberg, I have a question with respect to your open market operations. The EONIA seems to drop considerably before the end of the reserve period every month, indicating excess liquidity in the market, and the recent research paper by two of your economists seems to suggest that this may be a systemat... | [
"Very little, I am afraid. I am aware of this fact. There has even been the tendency on some days for the EONIA to look as though it would fall below the minimum bid rate, but it did not happen. But we are of the opinion that, despite the series of interest rate increases which we have executed since November 1999,... | President Duisenberg, I have a question with respect to your open market operations. The EONIA seems to drop considerably before the end of the reserve period every month, indicating excess liquidity in the market, and the recent research paper by two of your economists seems to suggest that this may be a systematic is... | 32 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2000/html/is001019.en.html | 2000-10-19 | Paris | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"Welcome address by Jean-Claude Trichet, Governor of the Banque de France",
"With a Transcript of the questions and answers",
"Ladies and gentlemen,",
"Today, the Governing Council met for the second time outside Frankfurt. Therefore, let me first of all thank our host, Governor Trichet, for inviting us to me... | [] | Welcome address by Jean-Claude Trichet, Governor of the Banque de France
With a Transcript of the questions and answers
Ladies and gentlemen,
Today, the Governing Council met for the second time outside Frankfurt. Therefore, let me first of all thank our host, Governor Trichet, for inviting us to meet in Paris and f... | 18 | [] | 0 | false | [
{
"text": "Laissez-moi vous dire combien je suis heureux et fier que la Banque de France ait été la seconde banque centrale après la Banque d'Espagne à accueillir le Conseil des gouverneurs de la Banque centrale européenne et son président en notre sein. Nous venons de tenir cette réunion du Conseil des gouvern... | [
"Mr. Duisenberg, I will come straight to the subject of the \"Times\" interview. I would like to ask you, how would you defend yourself following that interview? Either those comments were indeed a mistake, in which case they were a very, very serious mistake, or you took a deliberate decision to give away the G7 g... | [
"Laissez-moi vous dire combien je suis heureux et fier que la Banque de France ait été la seconde banque centrale après la Banque d'Espagne à accueillir le Conseil des gouverneurs de la Banque centrale européenne et son président en notre sein. Nous venons de tenir cette réunion du Conseil des gouverneurs et je vou... | Laissez-moi vous dire combien je suis heureux et fier que la Banque de France ait été la seconde banque centrale après la Banque d'Espagne à accueillir le Conseil des gouverneurs de la Banque centrale européenne et son président en notre sein. Nous venons de tenir cette réunion du Conseil des gouverneurs et je voudrais... | 55 | true | 2 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2000/html/is001005.en.html | 2000-10-05 | Frankfurt am Main | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meeting of the Governing Council of the ECB. The following decisions were taken today:",
"The minimum bid rate on the main refinancing operations of the Eurosystem wil... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meeting of the Governing Council of the ECB. The following decisions were taken today:
The minimum bid rate on the main refinancing operations of the Eurosystem will be raised b... | 17 | [] | 0 | false | [
{
"text": "President Duisenberg, Professor Issing has announced that the ECB is likely to publish inflation forecasts in the near future. What value does the publication of these forecasts have, given the fact that you apparently have to revise them every four to six weeks? And secondly, was there a formal vote... | [
"President Duisenberg, Professor Issing has announced that the ECB is likely to publish inflation forecasts in the near future. What value does the publication of these forecasts have, given the fact that you apparently have to revise them every four to six weeks? And secondly, was there a formal vote today?",
"M... | [
"I will not comment on votes. And the effects that forecasts will have, which will have to be revised almost continuously, whereas we will not publish them continuously, is a normal fact of life. Circumstances change considerably and continuously and forecasts - whether they are published or not - will have to be r... | President Duisenberg, Professor Issing has announced that the ECB is likely to publish inflation forecasts in the near future. What value does the publication of these forecasts have, given the fact that you apparently have to revise them every four to six weeks? And secondly, was there a formal vote today?
I will not... | 46 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2000/html/is000914.en.html | 2000-09-14 | Frankfurt am Main | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meetings of the General Council and the Governing Council of the ECB.",
"The Governing Council of the ECB today conducted its regular examination of recent monetary an... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meetings of the General Council and the Governing Council of the ECB.
The Governing Council of the ECB today conducted its regular examination of recent monetary and economic de... | 21 | [] | 0 | false | [
{
"text": "Two questions for President Duisenberg. The first question concerns your absence, which has been sharply criticised by the ministers of finance at the Versailles meeting. I would like to know why you did not feel it necessary to cancel your visit to Canada and why, on Tuesday, before the European Par... | [
"Two questions for President Duisenberg. The first question concerns your absence, which has been sharply criticised by the ministers of finance at the Versailles meeting. I would like to know why you did not feel it necessary to cancel your visit to Canada and why, on Tuesday, before the European Parliament, you s... | [
"I was not aware that the Presidency had already informed me of this late last year, as you say. My recollection is that I learned in July about the forthcoming ECOFIN meeting. I had a meeting which was already agreed a year ago in Canada for a full-day discussion, where I was to be the only speaker, with around 15... | Two questions for President Duisenberg. The first question concerns your absence, which has been sharply criticised by the ministers of finance at the Versailles meeting. I would like to know why you did not feel it necessary to cancel your visit to Canada and why, on Tuesday, before the European Parliament, you said t... | 49 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2000/html/is000706.en.html | 2000-07-06 | Frankfurt am Main | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meeting of the Governing Council of the ECB, which was also attended by Mr. Papademos, Governor of the Bank of Greece, to whom the Governing Council has extended a stand... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meeting of the Governing Council of the ECB, which was also attended by Mr. Papademos, Governor of the Bank of Greece, to whom the Governing Council has extended a standing invit... | 13 | [] | 0 | false | [
{
"text": "Euroland has been on the verge of an upswing a couple of times in recent years, once in 1994 and 1995, and the second time in 1998. At both times external shocks derailed the recoveries. The first time it was the Mexican crisis and higher US rates; the second time it was the emerging market crisis. W... | [
"Euroland has been on the verge of an upswing a couple of times in recent years, once in 1994 and 1995, and the second time in 1998. At both times external shocks derailed the recoveries. The first time it was the Mexican crisis and higher US rates; the second time it was the emerging market crisis. We now all appe... | [
"All indications are, indeed, that developments in the United States are slowing down somewhat, but I would certainly not qualify this as an external shock, because all indications are that the US economy is in for what we had all hoped for, namely a soft rather than a hard landing. So I would not call this an exte... | Euroland has been on the verge of an upswing a couple of times in recent years, once in 1994 and 1995, and the second time in 1998. At both times external shocks derailed the recoveries. The first time it was the Mexican crisis and higher US rates; the second time it was the emerging market crisis. We now all appear to... | 32 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2000/html/is000608.en.html | 2000-06-08 | Frankfurt am Main | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meetings of the General Council and the Governing Council of the ECB.",
"The Governing Council took the following monetary policy decisions:",
"The interest rate on ... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meetings of the General Council and the Governing Council of the ECB.
The Governing Council took the following monetary policy decisions:
The interest rate on the main refinanc... | 21 | [] | 0 | false | [
{
"text": "I have a question regarding your new method of allocating money to the markets in three weeks' time. It appears that you will, in a way, have an American auction system from 28 June onwards. At the same time, you are saying that the minimum bid level is your target rate, basically. Is that a correct ... | [
"I have a question regarding your new method of allocating money to the markets in three weeks' time. It appears that you will, in a way, have an American auction system from 28 June onwards. At the same time, you are saying that the minimum bid level is your target rate, basically. Is that a correct understanding?... | [
"Well, in answer to your first question: no, you cannot say it is a target rate because the tender procedure which we will then use is technically very different from the procedure that the Fed uses to influence the market. The signalling effect of what was previously our refinancing rate (in a fixed rate tender) w... | I have a question regarding your new method of allocating money to the markets in three weeks' time. It appears that you will, in a way, have an American auction system from 28 June onwards. At the same time, you are saying that the minimum bid level is your target rate, basically. Is that a correct understanding? Is t... | 46 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2000/html/is000511.en.html | 2000-05-11 | Frankfurt am Main | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meeting of the Governing Council of the ECB.",
"The Governing Council conducted its regular examination of the outlook for price developments and the risks to price st... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meeting of the Governing Council of the ECB.
The Governing Council conducted its regular examination of the outlook for price developments and the risks to price stability in th... | 11 | [] | 0 | false | [
{
"text": "I have two questions, if you will allow me. Do you think or maybe agree that there is a connection or correlation between the current weakness of the euro and the lack of economic reform in Europe? The second question would be: if that is the case, how do you feel about the current strength of the Ja... | [
"I have two questions, if you will allow me. Do you think or maybe agree that there is a connection or correlation between the current weakness of the euro and the lack of economic reform in Europe? The second question would be: if that is the case, how do you feel about the current strength of the Japanese yen vis... | [
"First of all, as far as structural reforms are concerned, almost day after day and press conference after press conference we urge the people, the social partners and governments of the euro area to continue to carry out and implement further structural reforms in the labour and product markets. And it is a proces... | I have two questions, if you will allow me. Do you think or maybe agree that there is a connection or correlation between the current weakness of the euro and the lack of economic reform in Europe? The second question would be: if that is the case, how do you feel about the current strength of the Japanese yen vis-à-vi... | 45 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2000/html/is000413.en.html | 2000-04-13 | Frankfurt am Main | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meeting of the Governing Council of the ECB.",
"The Governing Council today conducted its regular examination of the outlook for price developments and the risks to pr... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here to report on the outcome of today's meeting of the Governing Council of the ECB.
The Governing Council today conducted its regular examination of the outlook for price developments and the risks to price stability... | 18 | [] | 0 | false | [
{
"text": "How do you interpret the recent wage settlements? Are they, on average, better or worse than what you had expected, and are you worried about divergence in the euro area?",
"role": "question",
"lang": "en"
},
{
"text": "Let me answer the last question first. We are, generally speaking... | [
"How do you interpret the recent wage settlements? Are they, on average, better or worse than what you had expected, and are you worried about divergence in the euro area?",
"Mr. Vice-President. You have mentioned the EU enlargement process. Have you also discussed any institutional changes that might be required... | [
"Let me answer the last question first. We are, generally speaking, not worried about divergencies within the euro area. They are normal and natural. The wage negotiations are still going on in full force. We have only incidental or anecdotal information on the outcome of wage negotiations in the various parts of t... | How do you interpret the recent wage settlements? Are they, on average, better or worse than what you had expected, and are you worried about divergence in the euro area?
Let me answer the last question first. We are, generally speaking, not worried about divergencies within the euro area. They are normal and natural.... | 43 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2000/html/is000330.en.html | 2000-03-30 | Madrid | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, today, the Governing Council of the ECB met for the first time outside Frankfurt. Therefore, let me first of all thank our host, Governor Rojo, for inviting us to meet in Madrid and for the generous hospitality offered to us. The Vice-Pres... | [] | With the transcript of the questions and answers
Ladies and gentlemen, today, the Governing Council of the ECB met for the first time outside Frankfurt. Therefore, let me first of all thank our host, Governor Rojo, for inviting us to meet in Madrid and for the generous hospitality offered to us. The Vice-President and... | 29 | [] | 0 | false | [
{
"text": "Two questions, please. First, one on your communications policy - not with regard to financial markets, which has already been criticised, and I do not wish to come back to that - but with regard to public opinion. Do you think that two meetings a year in two different capitals will be enough for the... | [
"Two questions, please. First, one on your communications policy - not with regard to financial markets, which has already been criticised, and I do not wish to come back to that - but with regard to public opinion. Do you think that two meetings a year in two different capitals will be enough for the public to fee... | [
"We do think that, for the time being, two meetings per year are enough. We also want to avoid European citizens feeling that nobody knows where the European Central Bank is. So we should not be away from our headquarters too often. Indeed, since our last meeting in March, oil prices have not increased further. It ... | Two questions, please. First, one on your communications policy - not with regard to financial markets, which has already been criticised, and I do not wish to come back to that - but with regard to public opinion. Do you think that two meetings a year in two different capitals will be enough for the public to feel tha... | 37 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2000/html/is000302.en.html | 2000-03-02 | Frankfurt am Main | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of today's meetings of the General Council and the Governing Council of the ECB.",
"The Governing Council conducted its regular examination of the outlook for price develop... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of today's meetings of the General Council and the Governing Council of the ECB.
The Governing Council conducted its regular examination of the outlook for price developments in the ... | 16 | [] | 0 | false | [
{
"text": "Mr. Duisenberg, when you last moved up interest rates in early February, you said - or you explained in newspaper interviews afterwards - that you moved and did the move earlier than you would have otherwise due to the weakness of the euro against the dollar. Now you explained all these dangers to pr... | [
"Mr. Duisenberg, when you last moved up interest rates in early February, you said - or you explained in newspaper interviews afterwards - that you moved and did the move earlier than you would have otherwise due to the weakness of the euro against the dollar. Now you explained all these dangers to price stability ... | [
"Well, let me say this: on the basis of the statement I have just made, there can be no doubt in anyone's mind as to the direction in which monetary policy will be moving in the near future. On the precise timing of the move, I have as little information as you have.",
"I have a partial explanation. And it is mai... | Mr. Duisenberg, when you last moved up interest rates in early February, you said - or you explained in newspaper interviews afterwards - that you moved and did the move earlier than you would have otherwise due to the weakness of the euro against the dollar. Now you explained all these dangers to price stability once ... | 43 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2000/html/is000203.en.html | 2000-02-03 | Frankfurt am Main | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen,",
"the Vice-President and I are here today to report on the outcome of today's meeting of the Governing Council of the ECB.",
"At today's meeting the Governing Council decided to increase the ECB interest rates by 25 basis points. As a... | [] | With the transcript of the questions and answers
Ladies and gentlemen,
the Vice-President and I are here today to report on the outcome of today's meeting of the Governing Council of the ECB.
At today's meeting the Governing Council decided to increase the ECB interest rates by 25 basis points. As a consequence, the... | 15 | [] | 0 | false | [
{
"text": "Mr. President, why did you not believe it advisable to wait a little longer to see whether the increase in interest rates of November leads to lower M3 growth rates?",
"role": "question",
"lang": "en"
},
{
"text": "Because what we expect regarding the movements in M3 in the coming mon... | [
"Mr. President, why did you not believe it advisable to wait a little longer to see whether the increase in interest rates of November leads to lower M3 growth rates?",
"Mr. Duisenberg, it seems to me that there is a danger here - and the big picture is - that the euro area could have its policy mix dictated by w... | [
"Because what we expect regarding the movements in M3 in the coming months is that they will be very much influenced by base effects and that they will be very difficult to interpret. That is one thing. We expect - just for statistical reasons - to see lower figures in the coming months. And why wait? If you are co... | Mr. President, why did you not believe it advisable to wait a little longer to see whether the increase in interest rates of November leads to lower M3 growth rates?
Because what we expect regarding the movements in M3 in the coming months is that they will be very much influenced by base effects and that they will be... | 40 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2000/html/is000105.en.html | 2000-01-05 | Frankfurt am Main | Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank | Willem F. Duisenberg | Christian Noyer | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of today's meeting of the Governing Council of the ECB.",
"Let me first say that, as expected, the transition of the euro area financial markets to the year 2000 went smoot... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of today's meeting of the Governing Council of the ECB.
Let me first say that, as expected, the transition of the euro area financial markets to the year 2000 went smoothly. This pos... | 18 | [] | 0 | false | [
{
"text": "Financial markets all over the world have been very volatile recently, shooting up in December and correcting now. Do you think that might have anything to do with the extra liquidity that all the major central banks have been pumping into the market, and with the withdrawal that is happening now?",
... | [
"Financial markets all over the world have been very volatile recently, shooting up in December and correcting now. Do you think that might have anything to do with the extra liquidity that all the major central banks have been pumping into the market, and with the withdrawal that is happening now?",
"Your report... | [
"I do not think that it has anything to do with liquidity operations, both before and after the century date change. The phenomenon we are seeing - as you correctly phrase it, a strong boom in a short period and a quick correction some time later - is by itself not at all abnormal.",
"I did not mention a high exc... | Financial markets all over the world have been very volatile recently, shooting up in December and correcting now. Do you think that might have anything to do with the extra liquidity that all the major central banks have been pumping into the market, and with the withdrawal that is happening now?
I do not think that ... | 24 | false | 0 |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/1999/html/is991202.en.html | 1999-12-02 | Frankfurt am Main | Willem F. Duisenberg, President of the European Central Bank | Willem F. Duisenberg | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of today's meetings of the General Council and the Governing Council of the ECB, the latter of which was attended by Mr. Niinistö, President of the EU Council.",
"Let me fi... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of today's meetings of the General Council and the Governing Council of the ECB, the latter of which was attended by Mr. Niinistö, President of the EU Council.
Let me first report th... | 20 | [] | 0 | false | [
{
"text": "Did you - in reviewing the reference value for M3 - also discuss the possibility of introducing a corridor around the reference value that - as some economists argue - could have helped to stabilise expectations?",
"role": "question",
"lang": "en"
},
{
"text": "We did discuss this int... | [
"Did you - in reviewing the reference value for M3 - also discuss the possibility of introducing a corridor around the reference value that - as some economists argue - could have helped to stabilise expectations?",
"Could I ask you: obviously the euro does have a bit of an image problem and is not proving attrac... | [
"We did discuss this internally in the ECB, as it should be, before coming to our proposal and we decided to stick to our original decision of basing our strategy - at least one pillar - on a comparison with a reference value, and not a corridor. This was not discussed.",
"Yes, I think so - to continue to pursue ... | Did you - in reviewing the reference value for M3 - also discuss the possibility of introducing a corridor around the reference value that - as some economists argue - could have helped to stabilise expectations?
We did discuss this internally in the ECB, as it should be, before coming to our proposal and we decided t... | 32 | false | 0 | |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/1999/html/is991104.en.html | 1999-11-04 | Frankfurt am Main | Willem F. Duisenberg | Willem F. Duisenberg | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen,",
"the Vice-President and I are here to report on today's meeting of the Governing Council of the ECB.",
"The outcome of today's meeting was that the Governing Council has decided to increase the ECB interest rates. The forthcoming mai... | [
{
"text": "Other business",
"after_paragraph_index": 14
}
] | With the transcript of the questions and answers
Ladies and gentlemen,
the Vice-President and I are here to report on today's meeting of the Governing Council of the ECB.
The outcome of today's meeting was that the Governing Council has decided to increase the ECB interest rates. The forthcoming main refinancing ope... | 18 | [] | 0 | false | [
{
"text": "Mr. President, in April, on lowering the rates you said: \" This is it.\" Do you say: \"This is it\" today?",
"role": "question",
"lang": "en"
},
{
"text": "Yes and no. No, I can't say that.",
"role": "answer",
"lang": "en"
},
{
"text": "Do you - after the 50 basis poi... | [
"Mr. President, in April, on lowering the rates you said: \" This is it.\" Do you say: \"This is it\" today?",
"Do you - after the 50 basis point rise - do you see this level as neutral on interest rates?",
"Mr. President, two questions. Number one: at the last press conference you said that there was still som... | [
"Yes and no. No, I can't say that.",
"We don't precisely know what level would be the neutral rate. That is a well-known topic. We don't precisely know what it is. What we were sure of is that, whatever the so-called neutral or balanced rate might be, the level of 2.5% prevailing until today was below it. So we c... | Mr. President, in April, on lowering the rates you said: " This is it." Do you say: "This is it" today?
Yes and no. No, I can't say that.
Do you - after the 50 basis point rise - do you see this level as neutral on interest rates?
We don't precisely know what level would be the neutral rate. That is a well-known top... | 48 | false | 0 | |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/1999/html/is991007.en.html | 1999-10-07 | Frankfurt am Main | Willem F. Duisenberg | Willem F. Duisenberg | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen,",
"the Vice-President and I are here today to report on the outcome of today's meetings of the Governing Council of the ECB, which was attended by the European Commissioner, Mr. Solbes Mira.",
"The outcome of today's discussion was tha... | [] | With the transcript of the questions and answers
Ladies and gentlemen,
the Vice-President and I are here today to report on the outcome of today's meetings of the Governing Council of the ECB, which was attended by the European Commissioner, Mr. Solbes Mira.
The outcome of today's discussion was that the Governing C... | 22 | [] | 0 | false | [
{
"text": "Mr. Duisenberg, on your comments: now, if you are looking at the two pillars of your strategy, then you have strengthened expectations of a further tightening of interest rates, or is that wrong? Because you are looking at the money supply and you are saying that there are no further distortions than... | [
"Mr. Duisenberg, on your comments: now, if you are looking at the two pillars of your strategy, then you have strengthened expectations of a further tightening of interest rates, or is that wrong? Because you are looking at the money supply and you are saying that there are no further distortions than there were at... | [
"We are of the opinion, as we found today, that we have already sensed in the euro area, effectively for more than a year, a rather accommodative stance of monetary policy. And we did come to the conclusion that it has served its purpose. It has contributed to a resumption of growth in a climate of price stability.... | Mr. Duisenberg, on your comments: now, if you are looking at the two pillars of your strategy, then you have strengthened expectations of a further tightening of interest rates, or is that wrong? Because you are looking at the money supply and you are saying that there are no further distortions than there were at the ... | 46 | false | 0 | |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/1999/html/is990909.en.html | 1999-09-09 | Frankfurt am Main | Willem F. Duisenberg | Willem F. Duisenberg | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of today's meetings of the General Council and the Governing Council of the ECB, which were attended by Mr. de Silguy, European Commissioner.",
"The Governing Council revie... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of today's meetings of the General Council and the Governing Council of the ECB, which were attended by Mr. de Silguy, European Commissioner.
The Governing Council reviewed the outlo... | 25 | [] | 0 | false | [
{
"text": "With regard to the Year 2000 problem, handling the liquidity situation is one thing and that is one problem that the European System of Central Banks has to look at. But have you made any studies in regard to the liquidity impact or the changes of behaviour which may be irrational on the part of save... | [
"With regard to the Year 2000 problem, handling the liquidity situation is one thing and that is one problem that the European System of Central Banks has to look at. But have you made any studies in regard to the liquidity impact or the changes of behaviour which may be irrational on the part of savers vis-à-vis m... | [
"We will see if there is a specific demand for liquidity that is clearly related to this period, that will probably show up in the last weeks of this year and the very beginning of next year. If this is the case, we will of course have to take due account of that in terms of disturbances in the monetary indicators.... | With regard to the Year 2000 problem, handling the liquidity situation is one thing and that is one problem that the European System of Central Banks has to look at. But have you made any studies in regard to the liquidity impact or the changes of behaviour which may be irrational on the part of savers vis-à-vis moneta... | 45 | false | 0 | |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/1999/html/is990715.en.html | 1999-07-15 | Frankfurt am Main | Willem F. Duisenberg | Willem F. Duisenberg | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of today's meeting of the Governing Council of the ECB, which was attended by the EU Council President, Mr. Niinistö, and by Mr. de Silguy, European Commissioner.",
"The Go... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of today's meeting of the Governing Council of the ECB, which was attended by the EU Council President, Mr. Niinistö, and by Mr. de Silguy, European Commissioner.
The Governing Counc... | 23 | [] | 0 | false | [
{
"text": "President Duisenberg, for months and weeks there has repeatedly been great excitement; the value of the euro vis-à-vis the US dollar has been dropping constantly. What do you think of this? Do you think that this is not a problem? Do you think it is slowly becoming a problem? Do you perhaps also beli... | [
"President Duisenberg, for months and weeks there has repeatedly been great excitement; the value of the euro vis-à-vis the US dollar has been dropping constantly. What do you think of this? Do you think that this is not a problem? Do you think it is slowly becoming a problem? Do you perhaps also believe that 1:1 i... | [
"The last time I expressed myself publicly on the exchange rate, it was precisely before this group, at the press conference on 2 June this year. Now, six weeks later, I can for the first time say something about the exchange rate again and I will not say anything more than that. I am prepared to repeat what I said... | President Duisenberg, for months and weeks there has repeatedly been great excitement; the value of the euro vis-à-vis the US dollar has been dropping constantly. What do you think of this? Do you think that this is not a problem? Do you think it is slowly becoming a problem? Do you perhaps also believe that 1:1 is eas... | 38 | false | 0 | |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/1999/html/is990602.en.html | 1999-06-02 | Frankfurt am Main | Willem F. Duisenberg | Willem F. Duisenberg | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of today's meetings of the General and Governing Councils of the ECB.",
"At its meeting today, the Governing Council reviewed, as usual, the main monetary, financial and ot... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of today's meetings of the General and Governing Councils of the ECB.
At its meeting today, the Governing Council reviewed, as usual, the main monetary, financial and other economic ... | 14 | [] | 0 | false | [
{
"text": "Mr President, a few weeks ago at this press conference you were asked whether you would consider it possible that the euro could go below USD 1 and you said: \"certainly not\". Do you still maintain that today, given the fact that the euro has now sunk to USD 1.03? That is the first question. Second ... | [
"Mr President, a few weeks ago at this press conference you were asked whether you would consider it possible that the euro could go below USD 1 and you said: \"certainly not\". Do you still maintain that today, given the fact that the euro has now sunk to USD 1.03? That is the first question. Second question: some... | [
"Your first question was: \"do I regard it as possible that the exchange rate would reach the level of one to one to the US dollar?\" I will not join in the speculative mood that seems to be vivid around the world. So, I will not comment on any such possibility. The second question was: \"are there differences of v... | Mr President, a few weeks ago at this press conference you were asked whether you would consider it possible that the euro could go below USD 1 and you said: "certainly not". Do you still maintain that today, given the fact that the euro has now sunk to USD 1.03? That is the first question. Second question: some of you... | 48 | false | 0 | |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/1999/html/is990506.en.html | 1999-05-06 | Frankfurt am Main | Willem F. Duisenberg | Willem F. Duisenberg | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of today's meeting of the Governing Council of the ECB.",
"The Governing Council reviewed, as usual, the main monetary, financial and other economic indicators in line with... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of today's meeting of the Governing Council of the ECB.
The Governing Council reviewed, as usual, the main monetary, financial and other economic indicators in line with its monetary... | 12 | [] | 0 | false | [
{
"text": "A couple of months ago, you told us here that you were not worried about the weakness of the euro in relation to the dollar, but you also said that, if it continued to fall, it could give cause for concern. Well, it is still falling, not only against the dollar, but also against the pound sterling, a... | [
"A couple of months ago, you told us here that you were not worried about the weakness of the euro in relation to the dollar, but you also said that, if it continued to fall, it could give cause for concern. Well, it is still falling, not only against the dollar, but also against the pound sterling, and I am wonder... | [
"I should like to contradict you with respect to your last statement. Over the past few days the euro has been strengthening. Just last week it was at a level of USD 1.0550. When I entered this conference hall it was at a level of USD 1.08. So, I am still not concerned, but have seen with some appreciation, I might... | A couple of months ago, you told us here that you were not worried about the weakness of the euro in relation to the dollar, but you also said that, if it continued to fall, it could give cause for concern. Well, it is still falling, not only against the dollar, but also against the pound sterling, and I am wondering i... | 28 | false | 0 | |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/1999/html/is990408.en.html | 1999-04-08 | Frankfurt am Main | Willem F. Duisenberg | Willem F. Duisenberg | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of today's meeting of the Governing Council.",
"Let me start with the Governing Council's discussion of recent economic developments and the decisions that the Governing Co... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of today's meeting of the Governing Council.
Let me start with the Governing Council's discussion of recent economic developments and the decisions that the Governing Council has tak... | 16 | [] | 0 | false | [
{
"text": "I would be very interested if you had anything to say about the exchange rate of the euro, if the central bankers of Europe seem comfortable with it. It seems that the strategy of the ECB is now, in light of today's actions, a double strategy to re-invigorate the European economy. On the one hand, yo... | [
"I would be very interested if you had anything to say about the exchange rate of the euro, if the central bankers of Europe seem comfortable with it. It seems that the strategy of the ECB is now, in light of today's actions, a double strategy to re-invigorate the European economy. On the one hand, you got the expo... | [
"First of all, as far as the exchange rate of the euro is concerned, I always like to take a slightly longer term perspective than is normally done in articles and considerations about it. I would like to point out that, if you look at the rate of the euro, and look back to what we - in our jargon - call the synthe... | I would be very interested if you had anything to say about the exchange rate of the euro, if the central bankers of Europe seem comfortable with it. It seems that the strategy of the ECB is now, in light of today's actions, a double strategy to re-invigorate the European economy. On the one hand, you got the exports b... | 28 | false | 0 | |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/1999/html/is990304.en.html | 1999-03-04 | Frankfurt am Main | Willem F. Duisenberg | Willem F. Duisenberg | true | true | [
"Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of today's meetings of the Governing Council and of the General Council of the European Central Bank.",
"Let me start with the Governing Council's discussion on recent economic developments and the decisions that the Governing... | [] | Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of today's meetings of the Governing Council and of the General Council of the European Central Bank.
Let me start with the Governing Council's discussion on recent economic developments and the decisions that the Governing Council ... | 16 | [] | 0 | false | [
{
"text": "Mr. President, what, in your view, are the reasons for the weak euro? Is it due to the interest rate and business activity differentials vis-à-vis the United States, as is argued by some, or is it rather due to the political pressure brought to bear on the central bank, as argue others?",
"role":... | [
"Mr. President, what, in your view, are the reasons for the weak euro? Is it due to the interest rate and business activity differentials vis-à-vis the United States, as is argued by some, or is it rather due to the political pressure brought to bear on the central bank, as argue others?",
"It did not come as a s... | [
"We think it is predominantly the strength of the US dollar, rather than the weakness of the euro, which is determining the picture. And, of course, the interest rate differentials may also have something to do with that. We think those are the main factors explaining the recent decline in the value of the euro, wh... | Mr. President, what, in your view, are the reasons for the weak euro? Is it due to the interest rate and business activity differentials vis-à-vis the United States, as is argued by some, or is it rather due to the political pressure brought to bear on the central bank, as argue others?
We think it is predominantly th... | 49 | false | 0 | |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/1999/html/is990204.en.html | 1999-02-04 | Frankfurt am Main | Willem F. Duisenberg | Willem F. Duisenberg | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of today's meeting of the Governing Council of the European Central Bank.",
"Let me start with the Governing Council's discussion on recent economic developments and the de... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of today's meeting of the Governing Council of the European Central Bank.
Let me start with the Governing Council's discussion on recent economic developments and the decisions that ... | 17 | [] | 0 | false | [
{
"text": "... this extension of the period of access to the marginal lending facility. What is that for?",
"role": "question",
"lang": "en"
},
{
"text": "That is because in practice the banks throughout the euro area still very much bunch their payment orders together at the very end of the day... | [
"... this extension of the period of access to the marginal lending facility. What is that for?",
"Mr. Duisenberg, I have a serious problem with your assessment of prices - no upward or downward pressure. You have now been saying this for the past 6-8 weeks. If you draw a line of consumer prices since 1993, it go... | [
"That is because in practice the banks throughout the euro area still very much bunch their payment orders together at the very end of the day. That makes it difficult for them precisely to know what their liquidity situation will be overnight. It is only after they have finally bunched all their orders together ve... | ... this extension of the period of access to the marginal lending facility. What is that for?
That is because in practice the banks throughout the euro area still very much bunch their payment orders together at the very end of the day. That makes it difficult for them precisely to know what their liquidity situation... | 33 | false | 0 | |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/1999/html/is990107.en.html | 1999-01-07 | Frankfurt am Main | Willem F. Duisenberg | Willem F. Duisenberg | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of the first meeting of the Governing Council of the European Central Bank in Stage Three of Economic and Monetary Union. For the first time, the Governing Council took decis... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of the first meeting of the Governing Council of the European Central Bank in Stage Three of Economic and Monetary Union. For the first time, the Governing Council took decisions of a... | 25 | [] | 0 | false | [
{
"text": "The teething problems that you mentioned for TARGET, can you describe what the main problems have been, even if they are teething problems, exactly what form they have taken?",
"role": "question",
"lang": "en"
},
{
"text": "The main problems have not been technical ones, and they have... | [
"The teething problems that you mentioned for TARGET, can you describe what the main problems have been, even if they are teething problems, exactly what form they have taken?",
"Mr. President and Mr. Vice-President, is the ECB aware of the fact that in several or many European commercial banks to exchange paper ... | [
"The main problems have not been technical ones, and they have not been problems linked to TARGET itself. They have been mainly problems linked to human factors, mainly in commercial banks. The cause might also have been some times in the central banking system, but mainly in commercial banks. Small errors made in ... | The teething problems that you mentioned for TARGET, can you describe what the main problems have been, even if they are teething problems, exactly what form they have taken?
The main problems have not been technical ones, and they have not been problems linked to TARGET itself. They have been mainly problems linked t... | 38 | false | 0 | |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/1998/html/is981222.en.html | 1998-12-22 | Frankfurt am Main | Willem F. Duisenberg | Willem F. Duisenberg | true | true | [
"With the transcript of the questions and answers",
"Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of today's meeting of the Governing Council of the European Central Bank at which we took the opportunity to finalise a number of issues of a rather technical or legal nature... | [] | With the transcript of the questions and answers
Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of today's meeting of the Governing Council of the European Central Bank at which we took the opportunity to finalise a number of issues of a rather technical or legal nature ahead of... | 21 | [] | 0 | false | [
{
"text": "Mr. Duisenberg, you said that the Council wanted to give a clear indication that the ESCB does not want to give any signal for further easing. The asymmetric range of interest rates around the 3%, is this an indication based on today's knowledge that the next move in interest rates at some point in t... | [
"Mr. Duisenberg, you said that the Council wanted to give a clear indication that the ESCB does not want to give any signal for further easing. The asymmetric range of interest rates around the 3%, is this an indication based on today's knowledge that the next move in interest rates at some point in the medium term... | [
"No, that is not a signal that it is supposed to give. The only signal that we do want to give is - and I cannot state it more clearly than I do now - is that markets do not expect a change in interest rates in the foreseeable future.",
"Theoretically, yes; but in any case it is a matter that is entirely up to th... | Mr. Duisenberg, you said that the Council wanted to give a clear indication that the ESCB does not want to give any signal for further easing. The asymmetric range of interest rates around the 3%, is this an indication based on today's knowledge that the next move in interest rates at some point in the medium term may ... | 30 | false | 0 | |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/1998/html/is981201.en.html | 1998-12-01 | Frankfurt am Main | Willem F. Duisenberg | Willem F. Duisenberg | true | true | [
"Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of today's meetings of the Governing Council and the General Council of the European Central Bank. Similarly to last month, the Governing Council had a very heavy agenda with many of the items being of a rather technical nature ... | [] | Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of today's meetings of the Governing Council and the General Council of the European Central Bank. Similarly to last month, the Governing Council had a very heavy agenda with many of the items being of a rather technical nature or re... | 31 | [] | 0 | false | [
{
"text": "President Duisenberg, I have a question with respect to point 5 in your statement that says that you decided on a reference rate rather than on a range, and the reason you gave was that the Council believes that announcing a reference range might be falsely interpreted by the public as implying that ... | [
"President Duisenberg, I have a question with respect to point 5 in your statement that says that you decided on a reference rate rather than on a range, and the reason you gave was that the Council believes that announcing a reference range might be falsely interpreted by the public as implying that interest rates... | [
"We simply felt that the announcement of a range was more likely to be interpreted by the public at large as triggering automatic reactions than the announcement of a rate, a reference rate. We may have been wrong in that feeling, but that was our - let's say - psychological estimate of public reactions. And then I... | President Duisenberg, I have a question with respect to point 5 in your statement that says that you decided on a reference rate rather than on a range, and the reason you gave was that the Council believes that announcing a reference range might be falsely interpreted by the public as implying that interest rates woul... | 33 | false | 0 | |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/1998/html/is981103.en.html | 1998-11-03 | Frankfurt am Main | Willem F. Duisenberg | Willem F. Duisenberg | true | true | [
"Ladies and gentlemen, as in previous months, the Vice-President and I are here today to report on the outcome of today's meeting of the Governing Council of the European Central Bank. The number of items considered by the Governing Council required a full-day meeting. Most of the items on the agenda were of a rath... | [] | Ladies and gentlemen, as in previous months, the Vice-President and I are here today to report on the outcome of today's meeting of the Governing Council of the European Central Bank. The number of items considered by the Governing Council required a full-day meeting. Most of the items on the agenda were of a rather te... | 23 | [] | 0 | false | [
{
"text": "President Duisenberg, you said that labour market and economic problems which are structural in character cannot be solved by monetary policy. Is this an appeal to certain leading policy makers - one of whom bears a French name, even though he is German - to stop pressuring you? Second question: Is i... | [
"President Duisenberg, you said that labour market and economic problems which are structural in character cannot be solved by monetary policy. Is this an appeal to certain leading policy makers - one of whom bears a French name, even though he is German - to stop pressuring you? Second question: Is it really possi... | [
"The answer to the first question is that it is an appeal to all politically responsible office holders, and not to a single one. Because of the fact that monetary policy cannot solve structural problems, it is an appeal to those politically responsible to bear their responsibility in the right direction, but not a... | President Duisenberg, you said that labour market and economic problems which are structural in character cannot be solved by monetary policy. Is this an appeal to certain leading policy makers - one of whom bears a French name, even though he is German - to stop pressuring you? Second question: Is it really possible, ... | 47 | false | 0 | |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/1998/html/is981013.en.html | 1998-10-13 | Frankfurt am Main | Willem F. Duisenberg | Willem F. Duisenberg | true | true | [
"Ladies and gentlemen, in line with our stated intention, the Vice-President and I are here today to report on the outcome of today's meeting of the Governing Council of the European Central Bank. The length of my introductory statement reflects the importance of the matters dealt with today.",
"As usual, the Gov... | [] | Ladies and gentlemen, in line with our stated intention, the Vice-President and I are here today to report on the outcome of today's meeting of the Governing Council of the European Central Bank. The length of my introductory statement reflects the importance of the matters dealt with today.
As usual, the Governing Co... | 52 | [] | 0 | false | [
{
"text": "Could I ask you, Mr Duisenberg, first of all how will you conduct the monetary policy next year in the current economic environment and how do you assess the balance of risk at the moment? I is it closer do you think to undershooting the money supply target than overshooting? In other words is deflat... | [
"Could I ask you, Mr Duisenberg, first of all how will you conduct the monetary policy next year in the current economic environment and how do you assess the balance of risk at the moment? I is it closer do you think to undershooting the money supply target than overshooting? In other words is deflation the possib... | [
"We have no indications based on the most recent data that there is any tendency for deflation to be present, I would like to point out that the definition of price stability on purpose talks about an increase of prices of below 2 per cent over time. This is a bias in the direction that price stability is not a zer... | Could I ask you, Mr Duisenberg, first of all how will you conduct the monetary policy next year in the current economic environment and how do you assess the balance of risk at the moment? I is it closer do you think to undershooting the money supply target than overshooting? In other words is deflation the possibility... | 45 | false | 0 | |
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/1998/html/is980911.en.html | 1998-09-11 | Frankfurt am Main | Willem F. Duisenberg, President of the European Central Bank | Willem F. Duisenberg | true | false | [
"Ladies and gentlemen, the Vice-President and I are here today to report not only on the outcome of today’s meeting of the Governing Council of the European Central Bank, but also - as you are already aware - on the outcome of the meetings of the Governing Council and the General Council that took place on 1 Septem... | [
{
"text": "Exchange rate policy co-operation between the euro area and other EU countries",
"after_paragraph_index": 15
},
{
"text": "Monetary policy issues",
"after_paragraph_index": 17
},
{
"text": "Statistics",
"after_paragraph_index": 19
},
{
"text": "Euro banknotes",
... | Ladies and gentlemen, the Vice-President and I are here today to report not only on the outcome of today’s meeting of the Governing Council of the European Central Bank, but also - as you are already aware - on the outcome of the meetings of the Governing Council and the General Council that took place on 1 September 1... | 32 | [] | 0 | false | [] | [] | [] | 0 | false | 0 | ||
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/1998/html/is980708.en.html | 1998-07-08 | Frankfurt am Main | Willem F. Duisenberg | Willem F. Duisenberg | true | false | [
"Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of the second meeting of the Governing Council of the European Central Bank held yesterday.",
"The Governing Council first assessed current economic developments in the euro area. The general picture is one of continued econom... | [
{
"text": "Monetary policy issues",
"after_paragraph_index": 14
},
{
"text": "Foreign exchange issues",
"after_paragraph_index": 20
},
{
"text": "Payment systems issues",
"after_paragraph_index": 26
},
{
"text": "Legal protection of euro banknotes",
"after_paragraph_index... | Ladies and gentlemen, the Vice-President and I are here today to report on the outcome of the second meeting of the Governing Council of the European Central Bank held yesterday.
The Governing Council first assessed current economic developments in the euro area. The general picture is one of continued economic expans... | 34 | [] | 0 | false | [] | [] | [] | 0 | false | 0 | ||
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/1998/html/is980609.en.html | 1998-06-09 | Frankfurt am Main | Willem F. Duisenberg | Willem F. Duisenberg | true | false | [
"Ladies and gentlemen, I am here today to report on the outcome of the first meetings of the three decision-making bodies of the ECB: the General Council; the Governing Council; and, the Executive Board; all of which, in accordance with the ESCB/ECB Statute, are chaired by me, as President of the ECB, or, in my abs... | [] | Ladies and gentlemen, I am here today to report on the outcome of the first meetings of the three decision-making bodies of the ECB: the General Council; the Governing Council; and, the Executive Board; all of which, in accordance with the ESCB/ECB Statute, are chaired by me, as President of the ECB, or, in my absence,... | 30 | [] | 0 | false | [] | [] | [] | 0 | false | 0 |
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