Eurozone rate-setters have played down concerns that inflation in the region could remain uncomfortably high, with minutes of the July vote saying officials had an “open mind” to cutting rates at their next policy meeting.
The July vote, at which the European Central Bank held its benchmark deposit rate at 3.75 per cent, took place amid signs that underlying price pressures could remain stickier than hoped.
Final inflation figures for July, published this week, showed core inflation, which excludes volatile food and energy prices, was 2.9 per cent, flat on May and June.
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