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Euro zone inflation stable, bets still on for ECB rate cut
Consumer price inflation in the euro zone remained at 2.7 percent for the second straight month in January, data showed on Wednesday, off last year's peak and supporting bets that the European Central Bank will cut rates to help revive the economy. Inflation in the 17 countries sharing the euro was in line with expectations of economists polled by Reuters and unchanged from December, as rising unemployment cuts into household spending and pushes companies and businesses to freeze or reduce prices. Although the reading was only a first estimate by the European Union's statistics office Eurostat, economists see ... (full story)