Euro zone yields drop on report ECB discussing new cheap bank loans
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LONDON (Reuters) - Investors piled into euro zone government bonds and bank shares edged higher on a report by Bloomberg that the European Central Bank is holding discussions on the design of new ultra-cheap bank loans. The European Central Bank is set to slash growth forecasts on Thursday and is likely to provide its strongest signal yet that fresh stimulus is coming in the form of more cheap loans, hoping to stop an unexpected slowdown from becoming a downturn.The loans known more..