April 13, 2014 5:45 PM

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ECB to provide further stimulus to eurozone economy

The European Central Bank, ECB has said it will provide further stimulus to the eurozone economy if inflation in the bloc continues to remain low. Mario Draghi, the Bank's President, said a stronger euro would act as a trigger to loosen monetary policy. The rise of the single currency's exchange rate is one of the main reasons eurozone inflation is at a dangerously low 0.5 per cent. One of Draghi's stimulus options would be Quantitative Easing, which the IMF has been suggesting as concerns grow about deflation in the eurozone.

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