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ECB keeps rates unchanged, ready to do more if needed

OECD asks the central bank to 'do whatever it takes' to revive the economy, begin purchasing govt bonds
Friday, November 7, 2014 - 05:50

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Noting that risks to the eurozone's recovery remain skewed to the downside, Mr Draghi says the ECB is unanimous in its commitment to using additional unconventional instruments within its mandate.

Frankfurt

EUROPEAN Central Bank (ECB) members are all prepared to take more policy action if necessary and the bank's staff will prepare the groundwork in case, president Mario Draghi said on Thursday.

The ECB kept interest rates at a record-low 0.05 per cent at its monthly meeting

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