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Low rates are here to stay, ECB tells bankers

Central bank urged to consider impact of negative interest rates on banking system's profitability
Wednesday, October 5, 2016 - 05:50

Madrid

THE European Central Bank (ECB) is set to keep its interest rates low until it gets inflation back to its target, its chief economist said on Tuesday, arguing it was not up to the institution to shore up meagre bank profits.

Banks have complained that ultra-low ECB rates are

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