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The Eurozone economy unexpectedly stagnated in the fourth quarter, according to official data released hours ahead of an expected interest rate cut by the European Central Bank.
The lack of growth in the period compared with the 0.1 per cent expansion forecast by economists polled by Reuters and 0.4 per cent growth in the third quarter.
The ECB is expected to cut its benchmark interest rate by a quarter-point to 2.75 per cent, the lowest level since early 2023.
This is a developing story
