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Europe Daily Bulletin No. 10414

8 July 2011
Contents Publication in full By article 12 / 38
GENERAL NEWS / (ae) eu/ecb
New hike in eurozone interest rates

Brussels, 07/07/2011 (Agence Europe) - On Thursday 7 July, the European Central Bank's Governing Council unanimously decided to raise the main euro refinancing interest rate by 25 base points to 1.50%, increasing the marginal loan facility by 0.25% (to 2.25%) and the deposit facility by 0.25% to 0.75%. This interest rate rise was expected by the markets and is the second rise since the outbreak of the economic crisis in 2008, following an initial eurozone interest rate rise in April 2011...

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GENERAL NEWS