Inflation battle will take time, top ECB official says

FRANKFURT, Germany -Efforts to bring down inflation will take time, a senior European Central Bank official said Wednesday, warning that the eurozone had yet to fully feel the impact of higher interest rates. "While inflation continues to decline, it is still expected to remain too high for too long," ECB vice-president Luis de Guindos said at a conference in Cyprus. The ECB last month raised interest rates for a 10th consecutive time in a bid to cool consumer prices, taking its benchmark deposit rate to a record high of four percent. Eurozone inflation eased to 4.3 percent in September, its lowest level in almost two years, fueling hopes that ECB's aggressive hiking cycle has c...Keep on reading: Inflation battle will take time, top ECB official says

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