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ECB to Flood the Zone with Euros


Business Week
Last updated:
Wed, 03 Jun 2009 14:16:00 +0000

The European Central Bank will likely hold rates on June 4 but venture into 'quantitative easing,' or boosting the money supply by buying bonds

The European Central Bank is expected to reveal a departure in monetary policy this week and pursue its own version of quantitative easing, the so-called printing money option, to try to fuel a recovery in the ailing eurozone economy.


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