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Euro dives as ECB unveils raft of easing measures
Published Thu, Mar 10, 2016 · 09:50 PM
London
THE euro sank a full cent against the dollar on Thursday after the European Central Bank unveiled a raft of measures, many of them not expected by markets, to stimulate growth and inflation in the eurozone.
The ECB cut its marginal and refinancing rates as well as making a widely expected 10 basis point cut in deposit rates. It also expanded its programme of bond-buying to include corporate debt.
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