ECB Leaves Rates Unchanged at 1.5%

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"It is not the job of the ECB to make the market for certain governments and not for others, they can do quantitative easing if there is a threat of deflation but that is obviously not the case anywhere at the moment but I don't think they should restart the S&P program," Volker Wieland, chair for monetary theory and policy at Goethe University Frankfurt, told CNBC.

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