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European Central Bank leaves rates unchanged amid falling inflation, considers quantitative easing

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In the face of 12-percent unemployment and 0.5-percent inflation, the European Central Bank took no action Thursday following the meeting of its monetary policy council. Mario Draghi, the Italian president of the ECB, said that the "moderate recovery of the euro area economy is proceeding in line" with expectations, justifying keeping the key target interest rate at .25 percent. Euro area...

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