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APR 30, 2013 - Boston Herald

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Eurozone inflation falls to 3-year low in April

LONDON — Expectations are mounting that European Central Bank will cut interest rates this week after figures Tuesday showed inflation in the euro area at a three-year low and unemployment at another record high.Expectations were already high that the ECB would cut its main interest rate from its all-time low of 0.75 percent at its monthly policy meeting on Thursday despite reservations from some members on its governing council.

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