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ECB says 2016 was best year since crisis

It kept deflation at bay and nurtured recovery in the eurozone

In March last year, the ECB responded to alarmingly low inflation by boosting its bond-buying scheme.


THE European Central Bank (ECB) on Monday judged that it had a successful 2016, arguing in its annual report that it had warded off deflation and nurtured economic recovery in the eurozone.

"Though the year began shrouded in economic uncertainty, it ended with the economy...

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