Examples of using The reference value in English and their translations into Dutch
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Financial
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Ecclesiastic
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Medicine
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Computer
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Ecclesiastic
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Official/political
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Programming
In December 1998 the reference value was set at an annual growth rate of 4½% for M3.
The reference value was set at 4½% in December 1998 and it was confirmed by the Governing Council in December 1999.
The reference value has been respected throughout the period since December 1996; indeed, Austria has been one of the Member States with the lowest longterm interest rates.
average rate of HICP inflation of 2.9%, which is below the reference value stipulated by the Treaty.
With regard to monetary developments, however, M3 growth was still close to the reference value of 4½.
Gave notice to Greece to bring its government deficit below 3% of GDP, the reference value set by the EU treaty, by 2012;
However, the government deficit was reduced substantially from 7.3% of GDP in 1995 to 2.6% in 1997, below the reference value.
Considerable additional fiscal consolidation beyond the forecast horizon would be needed to make progress towards the reference value for government debt beyond the short-term.
partly because the deviationsfrom the reference value were neithersignificant nor protracted.
All the convergence programmes18 require deficits to be reduced in the medium term and the reference value of 3% of GDP to be achieved by 1996.
The reference value has been calculated for the purpose of this report as the simple arithmetic average of the average inflation rates in the three bestperforming Member States plus 1.5 per centage points.
In the five other Member States with inflation below the reference value, import prices rose quite substantially at the beginning of the second stage following a pronounced weakening of their currencies.
The reference value was calculated by adding 1.5 percentage points to the unweighted arithmetic average of the rates of HICP inflation over these 12 months in Sweden(0.8%), Latvia(1.3%) and Ireland 1.6.
In July 2004 the Council had adopted a decision noting the existence of a public deficit in Greece which exceeded the reference value of 3% of the Gross Domestic Product laid down in the Treaty.
NB: The orange band represents a 2 percentage point interval between the average interest rate in the three best performers in terms of price stability(bottom of the band) and the reference value top of the band.
However, the concept of the reference value does not entail a commitment on the part of the Governing Council to correct mechanistically deviations of M3 growth from the reference value. .
conforms set in the Directive(which is less stringent than the national standard) was taken as the reference value.
satisfy the criterion of 3% of GDP the Netherlands is very close to the reference value.