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ECB’s Centeno Sees Inflation Slowing With Core Prices to Follow
European Central Bank Governing Council member Mario Centeno said he’s confident inflation has peaked and is quickly receding, and suggested underlying price growth will follow with a lag. Interviewed on Bloomberg Television in the French city of Aix-en-Provence on Sunday, the Bank of Portugal governor suggested that colleagues shouldn’t doubt that their monetary policy is working. “Core inflation stands out as a very important indicator,” he said. “It’s not coming down as fast as headline inflation, but we also need to remember that in the way up it played exactly the same trajectory. So we need to ... (full story)