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Dutch central bank cuts interest rates

AMSTERDAM: The Dutch central bank said on Thursday it cut the secured loans rate to 2.00 percent from 2.50 percent.

It also said that it had lowered its special advances rate to 2.70 percent from 2.80 percent for a four-day money market pact it will launch at tender on Friday.

Subscriptions to the new special advances pact will be open between 0700 and 0730 GMT on Friday and allocations will be announced shortly afterwards.

The new advances liquidity pact will replace a one-day facility of 1.91 billion guilders expiring on Friday.-Reuter