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Europe Daily Bulletin No. 9696

4 July 2008
GENERAL NEWS / (eu) eu/ecb
A one-off euro interest rate rise?

Brussels, 03/07/2008 (Agence Europe) - As the President of the European Central Bank (ECB), Jean-Claude Trichet, hinted at end of the last ECB Governing Council meeting in June 2008 (see EUROPE 9676), the ECB decided on Thursday 3 July to increase its interest rates by 25 base points (0.25 percent). The minimum bid rate for the main refinancing operations has therefore gone up to 4.25% and the marginal loans facility and deposit facility have increased to 5.25% and 3.25% respectively. The...

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