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ECB Unleashes Support Package for Economy Hurt by Slowdown

  • Policy makers change guidance, see rates on hold through 2019
  • President Mario Draghi to brief reporters at 2:30 p.m. CET
European Central Bank press conference
Photographer: Fredrik von Erichsen/Getty Images
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The European Central Bank said it will offer more cheap loans to banks and keep interest rates at record-lows for longer as a weakening economy derails its plan to withdraw stimulus.