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Economy

European Central Bank cuts key rate, to restart bond purchases

Updated : September 12, 2019 06:36 PM IST

With inflation falling, Germany skirting a recession and a global trade war sapping domestic confidence, the ECB had all but promised more support to the economy and the only question was how extensive stimulus would be.
The ECB also eased the terms of its long term loans to banks and introduced a tiered deposit rate to help banks.
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