Interview with Otmar Issing in Le Figaro (27 November 2002)

In an interview granted to the French daily newspaper Le Figaro, Otmar Issing, a member of the Executive Board of the European Central Bank (ECB), defends the institution’s monetary policy. The ECB’s commitment to maintaining price stability represents the main contribution of monetary policy to economic growth in the medium term. Taking the view that in the long term there can be no trade-off between price stability and growth, Otmar Issing does not see any reason why the ECB should make its mandate dependent on the short-term economic situation.

Source and copyright

Source: Le Figaro Économie. 27.11.2002. Paris: Le Figaro. "Otmar Issing: «Ni inflation ni déflation»", p. 1.

Copyright: (c) Le Figaro

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