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ECB Reverses Course and Widens Rate Corridor

Discussion in 'Fundamental Analysis' started by ActionForex.com, Dec 19, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    Yesterday the ECB announced that it will re-widen the corridor of standing facilities to 200bp effective from 21 January next year. This reverses ECB's decision from 9 October last year when it reduced the corridor to 100bp. This means that the marginal lending rate will be 3.5% and the deposit...

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