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Added on the 31/01/2014 17:42:52 - Copyright : Euronews EN
Eurozone inflation is likely to stay higher for longer than expected but is still set to come down later this year, European Central Bank chief Christine Lagarde says. SOUNDBITE
Jakarta/Medan, Feb 2 (EFE/EPA).- Indonesia's inflation rate declined for the first time in January to 1.55 percent, the lowest number since October last year, due to limited consumers' purchasing power. (Camera: BAGUS INDAHONO / DEDI SINUHAJI).B-ROLL OF THE INDONESIAN STOCK EXCHANGE (IDX) IN JAKARTA AND CUSTOMERS AND SHOP KEEPERS AT A MARKET IN MEDAN, INDONESIA.
"My colleagues and I are acutely aware that high inflation imposes significant hardship as it erodes purchasing power," US Federal Reserve Chair Jerome Powell says in Washington. SOUNDBITE
Eurozone inflation "dropped markedly" in September but is still expected to remain "too high for too long", European Central Bank President Christine Lagarde tells the press in Athens, whilst announcing that the ECB was holding interest rates steady. Policymakers had raised rates at each of their last 10 meetings as they sought to rein in soaring inflation driven in large part by surging energy prices in the wake of Russia's invasion of Ukraine. SOUNDBITE
Security in Haiti, where violent gangs control large swathes of the country, has deteriorated even further, with the number of major crimes hitting "record highs," the UN representative to the impoverished nation warns. "The security situation on the ground continues to deteriorate as growing gang violence plunge(s) the lives of the people of Haiti into disarray and major crimes are rising sharply to new record highs," Maria Isabel Salvador tells the UN Security Council. SOUNDBITE
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
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