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EC Bank Rate - 01/21/2016
EC Bank Rate - 01/21/2016
ECB meeting preview: Are the latest measures “adequate”? The European Central Bank is expected to hold fire today, but to maintain the likelihood to react if inflation outlook deteriorates. At their last meeting, the Governing Council reduced the deposit facility rate by 10bps and extended the QE program for at least another 6 months.
In the meantime, the Bank expanded the assets it can purchase and decided to reinvest the proceeds from the bonds that mat…