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ECB governing council member Olli Rehn, commenting on today’s flash Euro-zone CPI print, said that Euro-area inflation is gradually converging to target, though inflation just above 1% reflects weak domestic price pressure.

Additional quotes:  

   “¢   Expects ‘mild rebound’ in growth in Q4.
   “¢   Prospects for returning to conventional interest rates, balance sheet have strengthened.
   “¢   Natural rate significantly lower than before crisis.
   “¢   Emphasises need for gradual steps.