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ECB expected to expand QE, cut deposit rate: Reuters poll

Published 03/07/2016, 09:08 AM
Updated 03/07/2016, 09:08 AM


Investing.com - The European Central Bank will expand the size of its monthly asset purchases on Thursday, according to a Reuters poll of traders. Traders also expect the ECB to cut the already negative deposit rate deeper into negative territory. Euro money market traders polled gave a average 68% chance the ECB will increase its current €60 billion of monthly asset purchases. That is higher than the 50-50 chance they gave just last week. Traders also said the ECB would cut its deposit rate by 10 basis points to -0.4%.

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