Thursday, August 3, 2006

ECB raises the base rate by 0.25% to 3.0%

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 (494 views)
Please complete the required fields.

2 thoughts on “ECB raises the base rate by 0.25% to 3.0%

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

    Please complete the required fields.

  • 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.

    Please complete the required fields.

Add a comment

  • 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

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>