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ECB Raises Refinancing Rate 25 bps to 4.25% as Expected |
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European Economy |
Written by CEP News |
Jul 03 08 11:45 GMT |
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(CEP News) Frankfurt - As expected, the European Central Bank's Governing Council raised its main refinancing rate 25 basis points to 4.25% on Thursday.
The council also increased the marginal lending rate and deposit rate to 5.25% and 3.25% respectively. By Todd Wailoo,
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, edited by Cristina Markham,
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