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Germany: ECB further lowers deposit rates for banks and resumes bond purchases


TIME ONLINE | News, backgrounds and debates

Frankfurt / Main (AFP) The European Central Bank (ECB) is lowering the deposit rate for banks from minus 0.4 to minus 0.5 percent in order to stimulate the economy. The other two key interest rates remain unchanged, as a spokeswoman said on Thursday in Frankfurt am Main. The central bank will also resume its billion-dollar bond purchases from the beginning of November.

Source: zeit

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