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/ MNI SOURCES: The European Central Bank........>

ECB: / MNI SOURCES: The European Central Bank could sidestep the politically
charged reshuffling of rules governing its bond purchases, but make the
so-called capital key more flexible as it considers a possible Twist-like
reinvestment of its maturing debt portfolios next year, ECB sources said.
- While the updated version of the capital key would not imply big changes in
the amount of different countries' bonds that could be purchased, with
weightings adjusted by no more than a percentage point, the Governing Council
will still probably stick with the old one, "to avoid the impression Italy is
being punished," one ECB source told MNI, in a comment echoed by other officials
at the bank.
- For full article please see Main Wire at 14:06 BST 10/04, or contact us.

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