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Below are some of the key highlights from a keynote speech by Peter Praet, Member of the Executive Board of the ECB, at an event organized by the ECB’s Representative office in Brussels.

   “¢   There are grounds to be confident that the sustained convergence of inflation will continue in the period ahead.
   “¢   Uncertainty about inflation outlook has been declining significantly and the risk of deflation has vanished.
   “¢   Patience, prudence and persistence are still needed.