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ECB making 'substantial' inflation progress

Published May 3, 2018 Updated May 3, 2018 02:26pm

The euro zone's recent slowdown has come sooner than expected and factors holding down growth may persist in the near term, but the bloc's expansion remains broad-based and solid, Praet said in Paris.

"We cannot yet declare 'mission accomplished' on the inflation front, but we have made substantial progress on the path towards a sustained adjustment in inflation," Praet said.

Copyright Reuters, 2018