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July 16, 2012

ECB rate cut unlikely to send cash to US-JPMorgan

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The European Central Bank's decision to cut the rate it pays banks for depositing money overnight is unlikely to spur much of a flow of cash into U.S. money market funds, according to a strategist at JPMorgan Securities. The ECB cut its main interest rate on July 5 to a record low of 0.75 percent... FF News: Fundamental

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