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Global Markets: Euro craters, stocks jump as ECB holds off on rate hikes

Reuters  |  NEW YORK 

By Nick BrownNEW YORK (Reuters) - European stocks jumped more than 1 percent on Thursday, while the euro cratered against the dollar, after the European Central Bank indicated it would not raise interest rates through the summer of 2019.The bank's unexpectedly dovish guidance on interest rates overshadowed its statement that it aimed to wrap up its crisis-era stimulus programme, quantitative easing, at the end of this year.The ECB now plans to reduce monthly asset purchases between October and December to 15 billion euros until the end of 2018 and then conclude the programme, though ECB ...

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First Published: Thu, June 14 2018. 21:58 IST