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    ECB cuts deposit rate by 10 bps, extends QE until Mar 2017

    With the European Union continuing to reel under chronic conditions of low inflation and high unemployment, the European Central Bank (ECB) today cut interest rate on deposit facility by 10 basis points to -0.30 percent. It also decided to extend its existing asset purchases programme until end March 2017.

    first published: Dec 3, 2015 06:26 pm

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