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Euro Zone Inflation Gauge Tracked by ECB Hits Lowest Since 2016
5yrs ago Hedge Fund hedgeco Views: 171

(Reuters) A key gauge of the market’s long-term expectations for inflation in the euro area fell on Tuesday to its lowest level since late 2016, in a further sign that weak economic data globally is weighing on the inflation outlook. The euro zone economy has performed worse than expected in recent months and global uncertainty is weighing on economic sentiment, European Central Bank President Mario Draghi said on Monday, repeating the bank’s recent warnings about growth.

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