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IMF chief says low inflation can hit European growth

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(Globalpost/GlobalPost)

IMF chief Christine Lagarde warned on Friday that low inflation could damage growth in Europe and urged the European Central Bank to maintain a flexible policy.

"Obstinately low inflation can seriously undermine growth," said Lagarde, who recently hinted that the 3.6 percent global growth forecast for 2014 may have to be trimmed.

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http://www.globalpost.com/dispatch/news/afp/140718/imf-chief-says-low-inflation-can-hit-european-growth