Frankfurt, 05/10/2000 (Agence Europe) - The European Central Bank has decided to increase its leading interest rate by 0.25%, taking it to 4.75%. "The decision taken today aims to ensure that the upward pressure that oil prices and the euro's exchange rate are exercising on the price of consumption does not take the form of a durable inflationary tendency", commented ECB President Wim Duisenberg at a press conference.
The Governing Council of the European Central Bank took three decisions,...