Frankfurt, Thursday -- The Bundesbank held key German interest rates
steady toay and set an unchanged target for money supply next year in
order to ensure non-inflationary economic growth.
The independent central bank said its discount rate would remain
steady at 4.50% and its Lombard rate would stay at 6%.
Its target range for growth in M3 money supply, the main indicator it
uses to track inflation, was set at 4%-6% for 1995, the same as this
year.
''The German Bundesbank will conduct monetary policy in 1995 in such a
way as to ensure that price rises continue to ease and at the same time
to create the monetary conditions for sustained economic growth,'' the
bank said in a statement.
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