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ECB hands banks 45.3b euros at zero interest rate

This is second round of central bank's programme to boost credit to the real economy

Frankfurt

THE European Central Bank (ECB) handed 45.3 billion euros (S$69 billion) to euro-area lenders at a zero interest rate, in the second round of its programme to boost credit to the real economy.

The take-up in the targeted longer-term refinancing operation, known as TLTRO-...

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