But it could also dampen hope for the reduction of inflation.

He highlighted the reduction of inflation and the stimulation of economic growth as its two main tasks.

Monetary policies will continue to aim at the reduction of inflation and be consistent with orderly exchange markets.

In addition prospects were favourable due to a "remarkable" reduction of inflation and an increase in investment.

Simultaneously, it aimed at the permanent reduction of inflation rates in the EC as the means of promoting price predictability.

That is, the permanent reduction of inflation is accorded a higher priority than the size of revenues associated with monetary creation.

But such an estimate is difficult to make credibly, and including benefits from new goods as a reduction of inflation, the panel concluded, is itself theoretically questionable.

Some people are upset because any reduction of inflation estimates will reduce Social Security benefits, which are indexed to the CPI.

Sanation was a coalition of rightists, leftists and centrists whose main focus was the elimination of corruption and the reduction of inflation.

Tight economic policies in 2004 resulted in a drastic reduction of inflation to 3.8% (although alternative estimates based on the price of a true market basket, put it at 15%).

Structural changes have resulted in the resumption of economic growth, improved foreign debt ratios, a sixfold increase in international reserves and the reduction of inflation from 18.5 percent in 1991 to a manageable 6.7 percent this year.

Conditions Listed A senior British official said the right conditions would include abolition of all foreign exchange controls in the community; creation of a free market in financial services; the strengthening of free competition, and significant reduction of inflation in Britain.

Delays in the implementation of vital structural reforms risk reducing the results obtained over the last few years, in terms of macro-economic stabilization to nothing, in particular the drastic reduction of inflation and the introduction, under satisfactory conditions, of a new, stable currency.

Senator John W. Warner, Republican of Virginia, came to Mr. Lindsey's defense on the floor, predicting that he would work to pursue "growth-oriented, noninflationary monetary policy, a regulatory position which would not impede credit conditions, reform of the nation's financial system so that our banks can better compete internationally, and gradual reduction of inflation."