ECB raises interest rates to 4.25%

The European Central Bank raised interest rates in the eurozone for the first time in more than a year on 3 July 2008 as it stepped up efforts to control mounting inflation pressures.

ECB: Introductory Statement, 3.7.08 http://www.ecb.int/press/pressconf/2008/html/is080703.en.html

ECB: Press Release, 3.7.08: Monetary Policy Decisions http://www.ecb.int/press/pr/date/2008/html/pr080703.en.html

BBC News, 3.7.08: Eurozone rates increase to 4.25% http://news.bbc.co.uk/1/hi/business/7486264.stm

Deutsche Welle, 3.7.08: ECB Raises Interest Rates Amid Soaring Inflation http://www.dw-world.de/dw/article/0,2144,3458287,00.html

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