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Prolonged low inflation in the eurozone would make the necessary economic rebalancing of the 18-nation currency area harder to achieve, EU Economic and Monetary Affairs Commissioner Olli Rehn said Friday.In an interview with Reuters Insider television at the World Economic Forum in Davos, Rehn said he did not believe the eurozone was facing the risk of deflation for now, contrary to International Monetary Fund warnings, because the European Central Bank is committed to act if the situation worsens.However, he said inflation, which stands at 0.8 percent now, needed to be closer to the ECB's target of just below 2 percent to permit the necessary adjustment.
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