ECB Hikes Rates

Discussion in 'Current Affairs, News and Analysis' started by Not_Whistlin_Dixie, Dec 1, 2005.

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  1. The European Central Bank today announced increases in three policy interest rates:

    ** The "main refinancing" rate is increased from 2.00% to 2.25%.

    ** The "marginal lending facility" rate is increased from 3.00% to 3.25%.

    ** The deposit rate is increased from 1.00% to 1.25%.

    These are the first such rate hikes in the last five years.

    ECB reportedly took these measures to curtail inflation.

    http://www.forbes.com/home/feeds/afx/2005/12/01/afx2362814.html

    The US Federal Reserve System has been increasing rate targets at every meeting of the the Federal Open Market Committee since June '04.

    http://www.arrse.co.uk/cpgn2/Forums/viewtopic/t=25166.html