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DAILY CURRENCY UPDATE – ECB TAKES HISTORIC GAMBLE WITH NEGATIVE RATES

Published by Uma Rajagopal

Posted on June 7, 2014

1 min read

· Last updated: January 22, 2026

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Image depicting the European Central Bank's historic negative interest rates - Global Banking & Finance Review
This image illustrates the European Central Bank's recent decision to cut interest rates by 15 basis points to -0.1%, a significant development in the banking sector that impacts currency markets and economic data. It ties into the daily currency update theme of the article.
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Highlight: • ECB cut interest rate by 15 basis points • ECB cut overnight deposit rate to -0.1% • US non farms to cap a wild week of data

Highlight:

•        ECB cut interest rate by 15 basis points

•        ECB cut overnight deposit rate to -0.1%

•        US non farms to cap a wild week of data

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