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Oil price slump hurting ECB's stable price plan

Central bank faces looming deflation in eurozone
Monday, December 15, 2014 - 05:50

Frankfurt

THE plunge in oil prices is making it tougher than ever for the European Central Bank (ECB) to achieve its core mission of keeping prices stable at a time it faces looming deflation, analysts say.

In the short term, the collapse of crude prices to five-year lows will curb

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