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dervar dog ingen tegn på et øget indenlandsk inflationspres.
this developmentstemmed mainly from a temporary decelerationin world economic growth, a further substantialincrease in oil prices in the third quarter and amarked appreciation of the euro in the fourthquarter.
men det interne inflationspres må holdes under kontrol og pengepolitikkens troværdighed bevares.
none the less, domestic inflationary pressures must be kept under control, and the credibility of the monetary authorities must be maintained.
foreløbig er der ingen tydelige tegn på, at et underliggende indenlandsk inflationspres er under opbygning i euroområdet.
so far, there has been no significant evidence of underlying domestic inflationary pressures building up in the euro area.
sammenfattende peger den økonomiske analyse i retning af, at det underliggende indenlandske inflationspres forbliver behersket på mellemlangt sigt.
to sum up, the economic analysis suggests that underlying domestic inflationary pressures remain contained in the medium term.
der udgår derfor ikke noget inflationspres fra lønningerne, og den beherskede lønudvikling øver gunstig indflydelse på erhvervslivets internationale konkurrenceevne.
there was therefore no pay inflation and moderate pay trends made it easier for firms to compete on the international market.