Local view for "http://purl.org/linkedpolitics/eu/plenary/1999-09-15-Speech-3-246"
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"en.19990915.12.3-246"2
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") Mr President, the trend in mortgage rates partly reflects the long-term interest rates in capital markets. The present long-term interest rates in the euro area should, in principle, therefore mean cheaper mortgages. To some extent, monetary policy might indirectly affect mortgages interest rates. This does not fall within the jurisdiction of the Council, however, as the Honourable Member will certainly know. The Commission has not presented the Council with any proposals for tax or any measures to improve mortgage rates."@en1
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