Frankfurt, 27/04/2000 (Agence Europe) - The European Central Bank decided on Thursday to increase its key rates by a quarter point on Thursday, in order to prevent inflationary risk in the euro zone. Its main short term interest rate, the refinancing rate (Refi), thus goes from 3.5% to 3.75%. The two other ECB rates, the lower and the upper rate, become 2.75% and 4.75% respectively.
"With this decision, the ECB Governing Council continues its policy consisting of reacting in a preventive...