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Sat 11 Nov 2002ECB takes more relaxed view of euro-zone inflationSeveral key European Central Bank officials voiced their ease over the outlook for euro-zone inflation yesterday, further raising the prospects of an interest rate cut as early as next month.Inflation in the euro zone was at an acceptable level, ECB board member Mr Eugenio Domingo Solans said, even though in October it rose to 2.2 per cent, rising further above the ECB's 2 per cent tolerance ceiling. "We have inflation right now of 2.2 per cent, somewhat higher than the definition of stability, but which can be considered acceptable. Therefore we are fulfilling our priority goal, of price stability," said Mr Domingo Solans.
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