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By Gunter Deuber of Raiffeisen Research in Vienna After strong disinflation in 2023 some CE/SEE countries recently saw inflation rates returning to the target ranges. Does this mean the fight against high inflation is completed? A look at the details of HICP inflation in some CE/SEE countries still warrants a cautious approach from central banks in their monetary easing cycles. Mission completed? The inflation picture in the euro area and CE/SEE is very different at the start of 2024 than it was in late 2022. Back then, we were still ahead of peak inflation values (most having been reached in …

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