ECB's Asmussen Says No Reason to Worry About Euro Zone Inflation
By REUTERS
Published: December 21, 2012 at 6:04 PM ET
BERLIN (Reuters) - European Central Bank policymaker Joerg Asmussen told
a newspaper he expected inflation in the euro zone to ease to under 2
percent next year.
"There is no reason to worry," Asmussen was quoted as saying by
Rheinische Post in an article to be published in its Saturday edition.
"We expect inflation in the euro zone of under 2 percent again in the
coming year."
Annual inflation in the 17 countries sharing the euro was 2.2 percent in
November, the European Union's statistics office Eurostat said earlier
this month.
Asmussen said that there was reason to be cautiously optimistic about
the situation in the euro zone, given progress made over the past two
years such as the agreement on the fiscal pact, the creation of the
European Stability Mechanism and decisions on a banking union.
"In comparison to the situation two years ago we have come a
considerable way," he said. "There is reason for cautious optimism."
(Reporting By Sarah Marsh; Editing by Robin Pomeroy) copy http://www.nytimes.com
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