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Inflation across the euro area has largely been reined in following one of the most intense price surges in recent decades, with the European Central Bank now moving into what it sees as a delicate transition period, according to ECB executive board member Philip Lane. In an interview first published by Italian newspaper La Stampa , Lane said the dramatic rise in inflation during 2021 and 2022 led the ECB to implement an aggressive tightening of monetary policy, a strategy th