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ECB Vice-President Luis de Guindos was out on the wires in the last hour and sounded confident on the path of inflation.  

Key quotes:

   “¢   The fundamentals remain in place for continued solid and broad-based economic growth.
   “¢   Confident that the sustained convergence of inflation towards our inflation aim will continue in the period ahead.
   “¢   Benign market reaction following the announcement of our decision supports the appropriateness of our current assessment.
   “¢   Monetary policy to remain patient, persistent and prudent.