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Inflation is slowing down in euro zone, ECB's De Guindos says

12/02/2022 | 07:50am EST
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FILE PHOTO: EU finance and economy ministers hold informal meeting in Berlin

MADRID (Reuters) - European Central Bank Vice-President Luis de Guindos welcomed on Friday a somewhat more positive reading of inflation in the euro zone in November and said prices had already started to slow down.

His comments came after inflation in the euro zone eased far more than expected in November, raising hopes that sky-high price growth is now past its peak and bolstering, if not outright sealing, the case for a gentler ECB rate hike.

(Reporting by Jesús Aguado; additional reporting by Emma Pinedo, editing by Andrei Khalip)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / EURO (AUD/EUR) -0.16% 0.6491 Delayed Quote.2.69%
BRITISH POUND / EURO (GBP/EUR) 0.07% 1.13883 Delayed Quote.0.96%
CANADIAN DOLLAR / EURO (CAD/EUR) -0.03% 0.688373 Delayed Quote.0.25%
INDIAN RUPEE / EURO (INR/EUR) 0.03% 0.011314 Delayed Quote.-0.06%
US DOLLAR / EURO (USD/EUR) -0.01% 0.921413 Delayed Quote.-1.51%
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