ECB's Constancio says Eurozone austerity programs partly responsible for low inflation

ECB Vice-President Vitor Constancio said Thursday that the persistent low inflation in the Eurozone was partly a consequence of the austerity measures implemented across the area but that the broader economic recovery would gradually stimulate growth.
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European Monetary Union Consumer Price Index - Core (YoY) registered at 1% above expectations (0.7%) in April

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