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ECB extends asset purchase programme to March '17 or beyond

It also cuts key interest rate to -0.3%; leaves refinancing rate and marginal lending rate unchanged

"Actions to improve the business environment are vital to increase productive investment, boost job creation and raise productivity," says Mr Draghi.


THE European Central Bank (ECB) adjusted its asset purchase programme (APP) also known as quantitative easing on Thursday, extending the scheme's duration into 2017 and agreeing to buy euro-denominated municipal and regional bonds, ECB president Mario Draghi said.