Central Bank of Ireland Governor Gabriel Makhlouf has given little away on where he stands on interest rates. Photograph: Eamonn Farrell / ยฉ RollingNews.ie

After months of rollercoaster uncertainty, the euro zone, at the end of last year, settled into a strange and unexpected equilibrium.

Inflation had came down to the European Central Bankโ€™s (ECBโ€™s) 2 per cent target rate quicker than anyone had expected, courtesy of easing energy prices and a weak dollar, while growth remaine

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