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Added on the 11/11/2022 12:30:18 - Copyright : AFPTV - First images
European Central Bank President Christine Lagarde says Eurozone inflation is slowing but is still expected to be "too high for too long", as the ECB raises interest rates for the ninth consecutive time. SOUNDBITE
The Fed predicts a 5.2 percent rate of inflation, as measured by the personal consumption expenditures price index, before falling rapidly to 2.6 percent next year and 2.2 percent in 2024, Chair Jerome Powell says during a press conference. SOUNDBITE
The IMF warns high inflation will remain high for longer than expected. IMF First Deputy Managing Director Gita Gopinath says inflation "has been driven by an increase in commodity prices, energy prices and food prices." SOUNDBITE