Speakers for a 4m wide by 9 m high approx room

perfect listening system for you , handles all types of music well in your room and yet inside your budget, cambridge 540 amp, 540 player, epos 3 all new ....or buy the cambridge all new...www.audioadvisor.com.....buy a small footprint floorstander call totem arro which sells very reasonable on this site...750.00 from badgirl...dwhit you will love it , it sounds like tubes, very warm and detailed , yet has the solid state and no frills from the cambridge and the totem are very musical and seem to fit and disappear ...you can do that for your budget..dwhitt

Would floor standing be to much or should I go for moniters? Would a pair of B&W CDM-7NT be too much for a room this size?

I'd second Dhwhitt's Totem Arro recommendation. They're going on audiogon for nearly half off retail, and at only 5" wide and 7" deep, they'll actually take up less floor space than many monitor-stand combinations!