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Wednesday, November 2, 2011

Unexpected rate cut ECB, the new president is cautious to expand bond buying

Unexpected rate cut ECB, the new president is cautious to expand bond buying Reuters Frankfurt 3 European Central Bank (ECB) yesterday, the refinancing rate by 25 basis points is the main policy rate (bp) was cut 1.25%. Amid deepening euro zone debt problems, decided to cut rates against market expectations. Bank deposit rates in a lower interest rate.Unexpected rate cut ECB, the new president is cautious to expand bond buying

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