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Demary, Markus
Hüther, Michael
Year of Publication: 
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IW-Kurzbericht 27.2017
The ECB has left its policy interest rates unchanged despite inflationary pressures stemming from a strengthened recovery and from rising oil prices. Although the ECB's Governing Council did not discuss a renewal of the long-term refinancing operations, which will expire in 2020, its monetary policy stance is still too accommodative.
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Research Report
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