FRANKFURT - The Board of the ECB has raised the interest rates of the 'area of' euro a quarter point from 3.25% to 3.50% as widely expected by markets and analysts. The last intervention rate back to 5 October this year, and saw a similar increase of 0.25%, while there was a break in the meeting on 2 November when the board of the European Central Bank leaves ² the cost of borrowing unchanged. With today's decision the cost of borrowing in the Eurozone back to the levels of March 2000. The rate on the marginal lending facility at 4.50% salt, the deposit facility at 2.50%.
Since December last year, the ECB has operated six elevations, all of 25 basis points.
2 Responses
dany
December 7th, 2006 at 4:32 pm
1But are we really sure that it was a good move?
The recovery in this way the EC forgot :-(
ReD
January 2nd, 2007 at 11:15 am
2Resumption à ¨ in place for a couple of years and certainly will not stop with rates about 3.5%. We are still in a range from "development".
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