Business

'ECB Rate Cut Unlikely At December Meeting, Despite Record High Unemployment, Easing Inflation In Euro Zone

After a surprisingly solid upturn in the July-September period, activity in the euro zone is generally perceived to have weakened appreciably in the fourth quarter. At the same time, inflation is reasonably quiescent and widely expected to fall back below the European Central Bank’s 2 percent inflation objective during the course of 2013.
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