File - A logo of the European currency Euro stands in front of the headquarters of the European Central Bank (ECB) in Frankfurt am Main on June 6, 2013. (AFP PHOTO / DANIEL ROLAND)
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The pressure on the European Central Bank to ease monetary policy further in coming months ratcheted up Tuesday after figures showed underlying inflation in the eurozone fell to a record low.Eurostat, the EU's statistics office, said inflation across the 17 EU countries that used the euro in December fell to 0.8 percent, as expected, from 0.9 percent the month before. The ECB is tasked with setting monetary policy to keep price inflation just below 2 percent.r Though the ECB has little room to cut its benchmark rate further, some economists predict it could reduce it to 0.10 percent.
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