ECB's Papademos on monetary policy

In the speech 'Monetary policy in a changing world: Commitment, strategy and credibility' given on 1 December Lucas Papademos of the ECB said that the ECB's policy for fighting inflation had been proven successful in the period since Europe adopted a single currency.

"The ECB's monetary policy has been a great success in terms of keeping inflation under control and anchoring inflation expectations at a level in line with our quantitative definition of price stability," Papademos told a conference

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