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ECB Trims Monthly QE Pace to €30 Billion, Confirms Dovish Stance on Rates

“The Governing Council continues to expect the key ECB interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases,” the statement added” writes Martin Baccardax for The European Central Bank said Thursday that it will trim the pace of its quantitative easing program, while keeping its key interest rates unchanged, and continue purchasing government, corporate and agency bonds for a further nine months.

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