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The European Central Bank (ECB) kept its monetary unchanged on Thursday. The interest rate remained unchanged at 0.00%. This decision was widely expected by analysts.
The ECB will start to buy corporate bonds on June 08.
The ECB cut its interest rate to 0.00% from 0.05% and deposit rate to -0.4% from -0.3% at its meeting in March. The ECB also expanded its monthly purchases to €80 billion from €60 billion, to take effect in April. The central bank decided to launch further four targeted longer-term refinancing operations (LTRO).
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