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news.yahoo.com - 3/31/2009
ECB refi rate to hit new record low, other steps eyed (Reuters)
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Reuters - The European Central Bank is expected to cut its main interest rate to a new record low of 1 percent on Thursday and step up efforts to boost the flow of funds from banks to euro-zone companies and households.
VoxEU.org - 3/26/2009
How much fiscal backing do the key central banks have?
— VoxEU.org — Willem Buiter , 25 March 2009 The last column in this series on fiscal aspects of central... banking reviews the differences in fiscal backing for the Bank of England, the US Federal Reserve, and the European Central Bank. Full Article: How much fiscal ... (more) How much fiscal backing do the key central banks have?

Comments vote down naked capitalism found this 3/26/2009found this
bloomberg.com - 4/3/2009
ECB Cuts Rates Less Than Forecast, Delays New Tools (Update1)
— bloomberg.com — April 2 (Bloomberg) -- The European Central Bank cut interest rates less than economists forecast and deferred... a decision on what other tools it can use to rescue its ailing economy, suggesting a split on the bank’s Governing Council. The ... (more) ECB Cuts Rates Less Than Forecast, Delays New Tools ...

Comments vote down Daily Markets found this 4/3/2009found this
hf-implode.com - 4/2/2009
ECB Saves COMEX From Gold Default With Hail-Mary Play!
— hf-implode.com — Looks like they've bought a little more time... It was amazing... when March 30, 2009 came and... passed, and so many people stood for delivery, refusing to part with their long gold futures positions. ... On Tuesday, March 31st, Deutsche Bank (DB) amazed everyone even more, by ... (more) ECB Saves COMEX From Gold Default With Hail-Mary Play!

Comments vote down iehi iehi posted 4/2/2009posted this

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Newsback:  ECB refi rate to hit new record low, other steps eyed (Reuters)

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ECB refi rate to hit new record low, other steps eyed (Reuters)
Newsback — ... ) Reuters - The European Central Bank is expected to cut its main interest rate to a new record low of 1 percent on Thursday and step up efforts to boost the flow of funds from banks to euro-zone companies and households. Read the full story here . ...

Related: refi rate
It’s not the cost of money, stupid — The Big Picture
The MBA said the average 30 yr mortgage rate fell another 26 bps to 4.63%, the lowest in at least 20 years as the Fed’s purchases of MBS is working in impacting this metric. However, the response remains predominantly in the huge increase in refi’s with barely a ripple in purchases. ...