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ECB Continues Down Rate Reduction Road
Thursday, March 10, 2016 - 10:49am | 729The European Central Bank (ECB) stunned the market with three-pronged cut in interest rates and expansion of its bond-buying program. The ECB trimmed the interest rate on the main refinancing operations of the eurosystem by 5 basis points down to 0.00 percent. The interest rate on the marginal...