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ECB Cuts Rates, Restarts QE To Fight Slowdown As Draghi Era Ends
The European Central Bank cut interest rates further below zero and will start open-ended bond purchases after President Mario Draghi overcame critics of his stimulus policies to make a final run at reflating the euro-area economy. The Governing Council reduced the deposit rate to minus 0.5% from minus 0.4%, and will buy debt at 20 billion
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Posted: September 12, 2019 Thursday 08:38 AM