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Image header Agence Europe
Europe Daily Bulletin No. 9440
Contents Publication in full By article 11 / 30
GENERAL NEWS / (eu) eu/ecb

ECB increases interest rates but says its monetary on accommodative side

Brussels, 06/06/2007 (Agence Europe) - On Wednesday the European Central Bank (ECB) revealed the new Euro zone interest rates that on 13 June would see the maximum bid rate applied to refinancing operations rise to 4%. Marginal loan and deposit facilities now stand at 5% and 3% respectively. This 25 base point rise, the eighth since December 2005, was expected. According to Jean-Claude Trichet's explanations to the press, this is not expected to be the last, even if the timetable has still...

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