23 January 2001, 15:54 TODAY: ECB VANHALA: CPI FEARS HAVE EASED SINCE MID-DEC
European Central Bank Governing Council member and Bank of Finland Governor Matti
Vanhala said in the Italian newspaper Il Sole 24 Ore that Euroland
inflation could fall more rapidly than many economists expected a month
ago. "I can say that our (the ECB's) fears on the price front have eased
since mid-December, when we issued a statement speaking of upward price
pressures. But he also said that while inflation risks have eased they
have not disappeared and it is too soon to say with certainty that the
inflation trend has changed.
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