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Euro 'may fix itself'

LOW Eurozone inflation and the strong euro could both start to self -correct this year without requiring any action from the European Central Bank, one of its policymakers Ewald Nowotny (right) has said.

The ECB meets next month armed with new forecasts that for the first time will stretch out as far as 2016.

Economists expect them to show inflation, currently running at just 0.7pc, staying well below the bank's preferred level of just under 2pc for the foreseeable future.


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