Traduction de «Révision en baisse des anticipations » (Français → Anglais) :

In the light of reduced inflationary expectation over the medium-term, the European Central Bank (ECB) for the euro area, along with other EU central banks, ha s already cut interest rates.

2.1.3. Reform of Community financial instruments for better anticipation and management of restructuring

As a result of these revisions, the previously estimated general government surpluses for 2000 and 2001 turned into deficits reaching 1.1% of GDP in 2002 instead of the surplus of 0.8% of GDP projected in the 2001 update.

revise the European Employment Strategy during 2005, in order to focus on the priorities for anticipating and managing restructuring.

SIMILARLY , THERE SHALL BE NO DOWNWARD REVISION IN THE LOWER OR UPPER INDICATIVE PRICE IF THE AVERAGE OF THE DAILY MARKET INDICATOR PRICES OVER THE SIX-MONTH PERIOD PRIOR TO A REVIEW OF THE PRICE RANGE UNDER THIS ARTICLE IS ABOVE THE REFERENCE PRICE .

( C ) WHEN THE REFERENCE PRICE HAS BEEN REVISED ( I ) DOWNWARDS SINCE THE LAST REVISION OF THE LOWER INDICATIVE PRICE OR THE ENTRY INTO FORCE OF THIS AGREEMENT , OR ( II ) UPWARDS SINCE THE LAST REVISION OF THE UPPER INDICATIVE PRICE OR THE ENTRY INTO FORCE OF THIS AGREEMENT , BY AT LEAST 3 % UNDER PARAGRAPH 3 OF THIS ARTICLE AND AT LEAST 5 % UNDER PARAGRAPH 1 OF THIS ARTICLE , OR BY AT LEAST THIS AMOUNT UNDER PARAGRAPHS 1 , 2 AND/OR 3 OF THIS ARTICLE , PROVIDED THAT THE AVERAGE OF THE DAILY MARKET INDICATOR PRICE FOR THE 60 DAYS SUBSEQUENT TO THE LAST REVISION OF THE REFERENCE PRICE IS EITHER BELOW THE LOWER INTERVENTION PRICE OR ABOVE ...[+++]THE UPPER INTERVENTION PRICE , RESPECTIVELY .