ECB minutes reveal growing confidence in inflation control, but clear wage turnaround awaited

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<p>ECB’s meeting minutes for the December 13-14 session indicate that officials believe monetary policy is “working as intended”, with disinflationary processes “proceeding well and probably more strongly than had been anticipated”. The decline in November’s inflation was described as “encouraging” and “broad-based,” encompassing core inflation components, which bolstered confidence in bringing inflation back to target […]</p>
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