Europe close to deflation

Chris Papadopoullos
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EUROZONE inflation fell to 0.3 per cent in November, in line with previous estimates.

The figure confirms the currency union’s lowest rate of inflation for five years and marks the 14th consecutive month in which annual inflation in the bloc has been below one per cent.

It is now widely expected that the European Central Bank will begin buying government bonds in 2015 in an attempt to stimulate demand in the economy.

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