ECB alerts eurozone to further rate rises

At a meeting on 2 March 2006, the European Central Bank (ECB) decided to raise interest rates by a quarter of a percentage point to 2.5% - the second change in rates in four months.
The move comes amid fears of rising inflation in the eurozone because of higher oil prices.

BBC News: Euro rates up on inflation fears, 2.3.06 http://news.bbc.co.uk/1/hi/business/4766840.stm

BBC News: Q&A: ECB interest rate rise, 2.3.06 http://news.bbc.co.uk/1/hi/business/4767220.stm

European Central Bank: Press Release: Monetary policy decisions, 2.3.06 http://www.ecb.int/press/pr/date/2006/html/pr060302.en.html

European Central Bank: Press Conference: Introductory statement with Q&A, 2.3.06 http://www.ecb.int/press/pressconf/2006/html/is060302.en.html

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