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| Home / Information about / Monetary policy / Reports on the monetary policy of earlier years | |||||||||||||||
| Monetary policy report 1997 | |||||||||||||||
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| 1. Announcement of a continued generous monetary policy. | |||||||||||||||
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At the end of 1996 we had announced that we would continue implementing a generous monetary policy. This happened against the background of an unfavourable economic situation and the possible implications of European monetary integration. We also referred to the strong growth of the money stock and emphasised the associated risks for price stability in the medium term.
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