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European Central Bank Increases Interest Rates |
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The European Central Bank increased interest rates in the Eurozone after a five year interval.
The reasons for the raise are noted as economic revival and high inflation rates in the zone countries.
According to the latest modifications decided at the Bank’s
headquarters in the German city of Berlin, interest rates increased to
2.25 percent from two percent.
In Eurozone countries, say experts, no continuous interest rate
increase will be pursued. Most economists predict that by the end of
2006, the interest rate level will be at 2.75 percent maximum |
