Trichet signals EU rate rise next month

The European Central Bank signalled on 2 August 2007 the cost of borrowing in the eurozone would rise again soon, with most economists tipping on a now-traditional quarter-point rise in the main rate to 4.25 per cent in September 2007.

European Central Bank: Press Conference, 2.8.07 http://www.ecb.int/press/pressconf/2007/html/is070802.en.html

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