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Showing posts with label Spanish and Italian bond markets. Show all posts
Showing posts with label Spanish and Italian bond markets. Show all posts

Friday, July 06, 2012

ECB's Draghi: Broad Slowdown Justified Rate Cut

The European Central Bank cut its benchmark interest rates by 0.25 percentage point, bringing the refinancing rate to a record low of 0.75% and the overnight deposit rate to zero.