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Old 03-04-2010, 04:20 PM
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Default ECB Continued to Mop Up Excess Liquidity as Growth Outlook Improved

ECB's monetary decisions in March are broadly inline with expectations. The central bank left the main refinancing rate unchanged at 1% while fine-tuning the funding operation frameworks. The ECB staff's forecast on 2011 GDP was modestly revised upward. Focus of the press conference was on the gradual phasing-out of our...
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