Bank Of Baku

ECB cuts interest rate, USD, EUR decline

ECB cuts interest rate, USD, EUR decline
# 10 March 2016 14:29 (UTC +04:00)

The bank has also decided to further cut the bank deposit rate.

 

It now stands at minus 0.4%, down from minus 0.3%, meaning that banks must pay more to deposit funds with the ECB.

 

Following this decision the USD, EUR and gold are sharply declining.  

 

 

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