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The European Central Bank (ECB) 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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