Eurozone’s stagnant growth and inflation present rates dilemma at izbrano

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Eurozone’s stagnant growth and inflation present rates dilemma

Times - The European Central Bank’s dilemma over interest rates deepened yesterday as new figures pointed to a “toxic cocktail” of stagnant growth and spiralling inflation. Jean-Claude Trichet, the President of the ECB, hinted this month that borrowing costs would rise to control inflation, which has soared to a record 3.7 per cent.

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