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ECB offers banks fresh round of bond purchase to kickstart economy

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"It's very, very difficult to estimate precisely what take-up of the Targeted Long-Term Refinancing Operations will be," said Mr Draghi

Frankfurt

THE European Central Bank (ECB) on Thursday will again offer banks a chance to get cheap long-term loans, but a disappointing uptake could put it under more pressure to help kickstart the moribund economy.

By pumping more liquidity into the financial system, the Frankfurt...

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