login
login

Europe Daily Bulletin No. 9080

2 December 2005
Contents Publication in full By article 17 / 42
GENERAL NEWS / (eu) eu/ecb
ECB unsurprisingly increases its rates by 25 base points, but does not intend to open cycle of consecutive increases, says Mr Trichet

Brussels, 01/12/2005 (Agence Europe) - Having broadly prepared everyone for this change, the European Central Bank (ECB) decided to tighten up its monetary policy on 1 December, thus putting an end to two and a half years of interest rate stability in the euro zone. The Council of Governors increased its reference rates by a quarter of a percentage point, the minimum submission rate applicable to principal refunding operations will rise to 2.25%, that of the marginal loan facility to 3.25%...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS