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ECB sees rates at record low levels for as long as needed: minutes

Reuters  |  FRANKFURT 

By Balazs Koranyi and Francesco CanepaFRANKFURT (Reuters) - The European Central Bank will keep rates at a record low for as long as needed to raise inflation, and its interest rate guidance should be seen as "open-ended", policymakers concluded in June, according to minutes of their meeting published on Thursday.The ECB guided markets for steady rates "through the summer" of 2019 at its meeting last month, when it also announced that it would shut a 2.6 trillion euro ($3.04 trillion) bond-buying programme in December, ending its unprecedented stimulus scheme.But policymakers at the meeting ...

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First Published: Thu, July 12 2018. 17:36 IST