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SITUATION REPORTSep 12, 2019 | 13:29 GMT
EU: ECB Announces More Stimulus, Cuts Deposit Rate by 10 Basis Points
The European Central Bank decided Sept. 12 to launch a new round of stimulus for the eurozone and reduce its deposit rate from -0.4 to -0.5 percent. The bank also announced that it would start a new round of quantitative easing and buy 20 billion euros (roughly $22 billion) in bonds per month starting in November.
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