-'DELAY' BEFORE EURO ZONE HICP INFLATION DIPS TO 2 PCT
-ECB DOES NOT RULE OUT FURTHER UPWARD PRICE PRESSURE FROM FARM CRISES
-WAGE DEVELOPMENTS UPSIDE PRICE RISK, MUST WATCH CAREFULLY
-'BROAD UPWARD MOVEMENT' IN CORE HICP SINCE SUMMER 1999
-CAN'T RULE OUT ADDED FOOD PRICE RISE,MAY DELAY SUB-2% HICP
-M3 GROWTH 'BROADLY IN LINE' WITH REFERENCE VALUE
-POLICY CONTINUES TO FOCUS ON MED-TERM PRICE STABILITY
-MON. POLICY SUPPORTS GROWTH/JOBS, WILL CONTINUE TO DO SO
-'NO INDICATIONS OF A RISK OF GLOBAL RECESSION'
-BUT WORLD GROWTH REVISED DOWN, UNCERTAINTY HAS INCREASED
-EMU GDP LOWER THAN EXPECTED FEW MTHS AGO BUT STILL 'SOLID'
-FORECASTS SHOW EMU '01 GDP IN LINE WITH OR ABOVE POTENTIAL
-CONSUMER SENTIMENT HIGH, PRIVATE CONSUMPTION SEEN STRONG
-EMU PRODUCTION POTENTIAL 'NOT SATISFACTORY'; URGES REFORMS