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The European Central Bank left its key interest rates unchanged on Thursday, as expected, after raising them in the past 10 sessions, but adopted a cautious stance to suggest that the rates could stay "higher for longer" despite the easing inflationary pressures as the signs of a recession in the euro area economy increases. ....
Eurozone business activity experienced a sudden decrease in October, amid a widespread downturn across the region, according to a Purchasing Managers’ Index (PMI) survey. ....