As you know, we have taken bold action in response to the crisis. Given subdued inflationary pressures in the context of a severe economic downturn, the ECB lowered its key interest rates sharply. From October 2008 to May 2009, i.e.
Duisenberg and as of the day after tomorrow, Trichet - holds a press conference once a month during which he responds to journalists’ questions. No other large central bank dares to do the same. The ECB President also speaks to the European Parliament four times a year. In addition, the ECB has a clear objective, namely price stability.