ECB QUADEN: US GDP SLOWDOWN IMPACT BIGGER THAN FIRST EXPECTED High Street Networking

11 June 2001, 15:55 ECB QUADEN: US GDP SLOWDOWN IMPACT BIGGER THAN FIRST EXPECTED

- EMU 2001 SLOWDOWN LIKELY LARGER THAN FIRST EXPECTED
- SEE NO THREAT OF EMU STAGFLATION IN MONTHS AHEAD
- CURRENT ECB INTEREST RATE OF 4.5% APPROPRIATE