The European Central Bank has kept its key interest rate on hold at 4.25%, resisting pressure for a rate cut.
Eurozone inflation fell to 3.6% last month but is still above its 2% target and ECB head Jean-Claude Trichet says inflation is his top priority.
Attention now turns to Mr Trichet's news conference at 1345 BST to see if he paves the way for future rate cuts.
Last week, Ireland became the eurozone's first economy to be formally in recession.
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"In the past four days, the governments of no less than seven European countries were required to nationalise banks or guarantee the deposits of large cross-border institutions," US economics professor Nouriel Roubini said on Wednesday.
The ECB has been lending billions of euros to its struggling banks in an attempt to ease the credit crisis.
(BBC)
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