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03.07.2008 - ECB raises interest rates

The European Central Bank has raised its main lending rate in the 15-nation eurozone by a quarter Unicredit cuts jobs and eyes east ...
DW boss voices concern about press freedoms ...
Global Media Forum continues ...
ECB marks 10th anniversary ...
of a percentage point in an attempt to control inflation.

The Czech Republic news are represented by www.prague-apartments-hotels.com

The ECB rate is now at 4.25 percent. The bank had been widely expected to raise interest rates after inflation hit a record four percent in June, fuelled primarily by rising commodity prices. There is concern in some European countries, though, that a higher rate could slow down economic growth.

(Deutsche Welle)


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