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european central bank rate hike: ECB mulls changing spread between rates in step towards new era

The European Central Bank (ECB) has reportedly begun to consider evening out the "corridor" between the ECB s three interest rates, as the bank moves away from its policy of cheap money and towards a situation where banks must borrow from the central bank. The move, which was discussed at length during a policy meeting last week, would be achieved by making the spreads between the rates more equal. However, the policy was parked for now to avoid blurring the ECB s policy message. ....

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