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Europe Daily Bulletin No. 8718

4 June 2004
Contents Publication in full By article 15 / 38
GENERAL NEWS / (eu) eu/ecb
ECB, which has not changed interest rates, increases inflation forecasts due to hike in oil prices

Brussels, 03/06/2004 (Agence Europe) - The Board of Governors of the European Central Bank (ECB) decided on Thursday to leave interest rates unchanged, marking a year of monetary status quo. The minimum submission rate applied to major refinancing operations remains at 2%. The interest rates for the marginal lending facility and for the deposit facility remain unchanged at 3% and 1% respectively. Furthermore, given the hike in oil prices, the ECB increased its forecasts for inflation in 2004...

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