Thursday, Aug 03, 2006

ECB raises the base rate by 0.25% to 3.0%

BBC News: ECB raises interest rates to 3%

The European Central Bank (ECB) has raised interest rates by a quarter of a percentage point to 3% on Thursday to target inflation. With inflation in the eurozone at 2.5% over the past three months, well above the bank's 2% target, most analysts predicted the rise.

Posted by webmaster @ 12:51 PM (448 views)
Add Comment
Report Article


1. sirgoogle said...

Good. It has been getting pretty expensive over here. I may even get some interest on my Euro savings now !

Thursday, August 3, 2006 04:23PM Report Comment

2. sirgoogle said...

I suspect that the MPC and ECB are in the same boat here economically as the rate rise has been pretty much pegged together. I suspect the ECB told the MPC what they were going to do and the MPC followed suit to avoid a run on the pound.

Thursday, August 3, 2006 04:25PM Report Comment

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of
  • Please adhere to the Guidelines
Admin Password
Email Address

Main Blog | Archive | Add Article | Blog Policies