Metadata
Author: Giga-fren
Data
English[en]
This was seen by many commentators at the time as a solution to the perceived policy dilemma in several countries - namely that of having to maintain short-term interest rates at a level which was thought to be at variance with weak economic growth and low or decelerating inflation, as well as being inappropriate in the context of the differences in monetary transmission processes (see Box 2).
French[fr]
Certains parmi les pays participant au MCE avaient jugé bon, dans le passé, d'annoncer un objectif intermédiaire chiffré de croissance monétaire, dont la poursuite faciliterait le respect de I'objectif de change.