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ECB cuts size of asset buys to 60b euros but extends duration till end-2017

Markets had expected it to stay at 80b euros for 6 more months


THE European Central Bank unexpectedly reduced its asset buys on Thursday but reserved the right to increase purchases once again, a decision that may be seen as a concession to conservative eurozone members such as Germany.

The ECB will reduce its asset buys to 60...

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