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Thursday, May 15, 2014

Eurozone inflation rose to 0.7% on year in April

From 0.5% in March but remains well below the ECB's target of just under 2%, while CPI weakened on a monthly basis. The figures come as the ECB grows increasingly receptive to the idea of further stimulus to battle "slow inflation" and prevent a slide into deflation, with even the Bundesbank reportedly coming round.

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