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Eurozone inflation exits negative territory in October

Inflation still stands at a level that is low enough to encourage the European Central Bank to pump up its stimulus
Inflation still stands at a level that is low enough to encourage the European Central Bank to pump up its stimulus

Eurozone inflation rose to zero percent and out of negative territory in October, according to official data from Eurostat.

However, it still stands at a level that is low enough to encourage the European Central Bank to pump up its stimulus.

Earlier this month ECB president Mario Draghi signalled that the central bank could be ready to boost its contested bond-buying programme given low inflation levels across the 19 countries that share the euro.

The EU's Eurostat statistics agency also said eurozone unemployment dropped to 10.8% in September.