ECB plays down danger of eurozone price difference

The European Central Bank said Dec 21 said diverging eurozone inflation rates were not a flaw of a one-size fits all monetary policy, provided that the differences proved to be only short-lived. The bank said in its latest monthly bulletin that the divergence between rates of consumer inflation between members of the 11-nation common currency bloc had clearly mounted.

It gave no specific examples. But Ireland, with the fastest growing economy in the region, has inflation of six percent that is

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