commercial bank credit expansion or contraction 2 Indirectly, transactions in the Government securities market influence the prices, or interest rates, on vir tually
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In 2003 euro area short and long-term interest rates have reached values which are very low from a historical perspective Chart A shows a long-term series of
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commercial bank credit expansion or contraction 2 Indirectly, transactions in the Government securities market influence the prices, or interest rates, on vir tually
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