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Eurozone Retail Sales Drop As Recovery Falters

The economic backdrop is likely to feature heavily when Mario Draghi, the ECB's president, holds his monthly press conference following Thursday's meeting of the governing council. Though the central bank is expected to maintain a dovish tone, most economists think it will keep its policy unchanged at least until early next year. Further measures that it may consider include making banks pay to keep funds on deposit at the central bank in the hope that it may encourage them to lend.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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