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Eurozone Inflation Surges, Stagflation Fears Loom
Published 2 weeks, 6 days ago
Description
Eurozone inflation surges to three percent, driven by soaring energy prices, with crude oil now over one hundred twenty dollars a barrel. Despite weak growth, the European Central Bank maintains its key rate at two percent, citing a robust job market. Global oil price ripples prompt central banks worldwide to hold rates steady.
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