While you were sleeping Eurozone inflation slows, jobless rate rises

Thu, 31 Oct 2013

Nov. 1 (BusinessDesk) – The euro weakened against most of its peers, falling to a two-week low against the greenback after inflation slowed more than expected and unemployment in the eurozone rose to a record. The weak data added to speculation the European Central Bank will lower its key interest rate from a record low 0.5 percent to underpin economic growth in the region. Annual inflation slowed to 0.7 percent in October, the lowest rate since November 2009. The pace was expected to remain unchanged at September’s 1.1 percent rate, accordi...

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