ECB raises rates in bid to curb inflation

                   
telegraph.co.uk     04-Jul-2008            

By Ambrose Evans-Pritchard Euro plunges and political leaders protest as central bank tightens monetary policy The European Central Bank has raised interest rates a quarter point to 4.25pc to curb record inflation, becoming the first big central bank to tighten monetary policy since the onset of the credit crisis. Jean-Claude Trichet, the ECB's president, doused expectations for a series of rate rises into the autumn, setting off frantic moves by traders to unwind bets on the money markets. The euro plummeted by more than two cents to $1.5690 against the dollar, while global bourses breathed a sigh of relief. Markets had been braced for far worse. Mr Trichet stressed that the ECB is now in neutral mode with "no bias", suggesting that governors from the southern states have at last begun to resist the German drive for a... [read full story]                    

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ECB expected to raise interest rate to 4.25%

timesonline.co.uk     03-Jul-2008          

Angela Jameson and Gary Duncan European markets fell to their lowest level for three years in anticipation of an expected rate rise from the European Central Bank (ECB) today. Rates are expected to rise from 4 per cent to 4.25...                    

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ECB raises interest rates to 4.25%

ft.com     03-Jul-2008          

By Ralph Atkins in Frankfurt The European Central Bank raised eurozone interest rates by a quarter percentage point on Thursday as it stepped up efforts to control mounting inflation pressures. As expected, the ECB lifted its...                    

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Euro falls as ECB raises rates 25bp

ft.com     03-Jul-2008          

The euro fell from a 10-week high against the dollar on Thursday after the European Central Bank indicated it might have reached the end of its monetary tightening cycle. The ECB, as expected, raised eurozone interest rates by...                    

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Europe raises interest rate to 7-year high of 4.25%

timesonline.co.uk     03-Jul-2008          

The European Central Bank (ECB) today defied deepening gloom over the eurozone's economic prospects and intense political pressure when it pressed ahead with a rise in interest rates to their highest level for almost seven years.                    

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ECB raises rates to 4.25 percent

reuters.co.uk     03-Jul-2008          

FRANKFURT (Reuters) - The European Central Bank raised interest rates for the first time in more than a year on Thursday, in a widely expected quarter percentage-point move which took benchmark rates to 4.25 percent, the...                    

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ECB raises interest rates to 4.25%

guardian.co.uk     03-Jul-2008          

The European Central Bank today defied political pressure and raised the cost of borrowing across the 15-nation eurozone. Despite growing evidence of economic slowdown in several European countries, the ECB showed its...                    

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ECB raises rates to combat inflation

tiscali.co.uk     03-Jul-2008          

The European Central Bank raised interest rates for the first time in more than a year on Thursday, in a widely expected quarter percentage-point move which took benchmark rates to 4.25 percent, the highest level since...                    

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Shares stay soft as ECB raises rates

tiscali.co.uk     03-Jul-2008          

By Natsuko Waki LONDON (Reuters) - A global sell-off knocked world shares to a five-month low on Thursday as surging oil fanned concerns about inflation and slowing growth with investors looking ahead to a key U.S. jobs report....                    

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Eurozone ups rates to 4.25%

housefund.co.uk     03-Jul-2008          

The European Central Bank has decided to increase interest rates by a quarter of a percentage point to 4.25 percent, the highest level since 2001. It's the first time in a year that the ECB has changed the interest rate, but...                    

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EURO AREA: ECB raises interest rates to 4.25 percent

eitb24.com     03-Jul-2008          

ECB raises interest rates to 4.25 percent Higher interest rates can help contain inflation but some worry the bank could slow economic growth by raising rates too much. European Central Bank president Jean-Claude Trichet....                    

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