The European Central Bank, spooked by soaring prices for food and fuel, raised interest rates yesterday, joining several other central banks in battling a global eruption of inflation...The Federal Reserve in the United States, where short-term ...
World stocks slipped back towards this week's five-month low on Friday as oil prices near record highs kept inflation concerns alive a day after the European Central Bank raised interest rates. The euro failed to benefit much from the ECB's quarter ...
The European Central Bank's interest rate rise sends a signal that it is serious about combating inflation, policymakers said as they staged a public relations offensive to justify Thursday's increase. In interviews with media across the euro zone, ...
The warnings from politicians and the unions were dire: Raise interest rates and it will hurt the economy and jobs. European Central Bank president Jean-Claude Trichet paid them no heed Thursday as the bank raised its benchmark rate a quarter ...
The European Central Bank raised its benchmark interest rate Thursday by a quarter percentage point to 4.25 percent in an effort to rein in escalating inflation in the 15-nation euro zone. The move comes despite worries in some quarters that it ...
From the Associated Press July 4, 2008 The warnings from politicians and the unions were dire: Raise interest rates and it will hurt the economy and jobs. European Central Bank President Jean-Claude Trichet paid them no heed Thursday as the bank ...
The ECB's Governing Council, meeting in Frankfurt, increased the benchmark lending rate by a quarter point to 4.25 percent yesterday. Policymakers say they're worried that the fastest inflation in 16 years will develop into a wage-price spiral as ...
Germany — Wary of higher energy and commodity prices, the European Central Bank raised its benchmark interest rate Thursday by a quarter percentage point to 4.25 percent, a move it hopes will help curtail rising inflation in the 15 countries that ...
As expected, the ECB lifted its main interest rate by a quarter percentage point to 4.25 per cent – the first rise in eurozone borrowing costs since June last year. At the ECB's press conference following the rate announcement Jean-Claude Trichet, ...
The ECB comments prompted a fall in the value of the euro against the dollar and helped pare back slightly the earlier record high oil price of $145.85 a barrel. It also contributed to a modest recovery in European and US equity markets, which were ...