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ECB Lowers Rates

The ECB earlier cut its main interest rate to 0.15% and imposed negative interest rates on banks' overnight deposit to cajole banks into lending more.

  • Published in Greece

ECB to Cut Interest Rates

ECB head, Mario Draghi, is expected this coming Thursday to reduce the rate at which commercial banks borrow from by 0.10% (from0.25% to 0.15%) in order to encourage business lending.

  • Published in Economy

ECB to keep interest rates and rethink later

The European Central Bank is ready to take action next month to boost eurozone economy if price inflation forecasts warrant it, its president said, announcing interest rate stable at 0.25%.

  • Published in World
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