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ECB Maintains Rate Policy: How That Impacts European Stocks

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In a key meeting this month, the European Central Bank issued a "steady as she goes" policy on continental interest rates, with no apparent movement on rates for at least another year or two.

"With no changes to the ECB's policy sequencing under discussion, the guidance now means that rates will not be raised until after the end of asset purchases, which is likely to be late 2018 or early 2019 at the earliest," Lena Komileva, chief economist at G+ Economics, in London, says in a research note.