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Eurozone Inflation Falls to 44-Month Low
Inflation in the 17-nation eurozone declined to an annualized 1.1% in September from 1.3% in August and the lowest since January 2010, according to a flash estimate by Eurostat.
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Inflation in the 17-nation eurozone declined to an annualized 1.1% in September from 1.3% in August and the lowest since January 2010, according to a flash estimate by Eurostat.
The EU's statistical office says the rate for non-energy industrial goods declined to 0.4% to 0.3% over the same period.
The European Central Bank prefers to keep inflation below 2%. Economists say the sharply lower rate gives the ECB more room to further loosen monetary policy, perhaps by increasing liquidity in the banking sector. Analysts say a reduction in the current interest rate, which has been at 0.5% since May, is unlikely.
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