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ECB lowers deposit interest rate by 10 bps

The European Central Bank on Thursday decided to lower the interest rate on deposits by 10 basis points to minus 0.3 percent, with effect from December 9, 2015. The bank left untouched the interest rates on the main refinancing operations and the marginal lending facility at 0.05 percent and 0.3 percent, respectively. The ECB also decided to extend its asset purchase program (APP), originally intended to last until September 2016, to the end of March 2017.

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