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Eurozone inflation falls – but interest rate cuts still unlikely

From guardian.co.uk

Price pressures stayed high in the eurozone in April in the face of a likely recession, keeping interest rate cuts off the agenda for a European Central Bank seeking ways to revive growth within its inflation mandate. Annual consumer price inflation among the 17 member states fell to 2.6% from 2.7% in March, the EU's statistics office, Eurostat, said on Monday. Economists polled by Reuters had forecast 2.5%. As the eurozone heads into its second recession in just three years, some of its leaders are rallying to a call by the ECB president, Mario Draghi, to reignite the bloc's economy with policies that focus on ... (full story)

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