the maintenance of the purchasing power of a currency at a level which encourages investment, production and employment without inflationary or deflationary price movements
Peamiselt on kõrgem inflatsioon avaldunud majanduse nn. suletud sektoris ehk valdkondades, mille juures väliskonkurentsi mõju on kas piiratud ulatusega või puudub täielikult. Seevastu valdkondades, millel on otsene väljund väliskonkurentsile, on hindade stabiilsus olnud tunduvalt kõrgem. 1996.aastal oli suletud sektoris kaupade hindade kasv enam kui 3 % kõrgem kui avatud sektoris.
Concurrently with the foregoing, and as provided in this Treaty and in accordance with the timetable and the procedures set out therein, these activities shall include the irrevocable fixing of exchange rates leading to the introduction of a single currency, the ECU, and the definition and conduct of a single monetary policy and exchange-rate policy the primary objective of both of which shall be to maintain price stability and, without prejudice to this objective, to support the general economic policies in the Community, in accordance with the principle of an open market economy with free competition.
