• German Bundesbank was against further stimulus measures by the ECB

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11 marzo 2016

German Bundesbank was against further stimulus measures by the ECB

News reported on Friday that the German Bundesbank was against further stimulus measures by the European Central Bank (ECB).

The ECB on Thursday cut its interest rate to 0.00% from 0.05% (this decision was not expected by market participants) and deposit rate to -0.4% from -0.3%. The ECB also expanded its monthly purchases to €80 billion from €60 billion, to take effect in April. Purchases will include non-bank corporate debt. The central bank will launch further four targeted longer-term refinancing operations (LTRO).

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