Date:04/07/2008 URL: http://www.thehindu.com/2008/07/04/stories/2008070452611500.htm
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Business

ECB raises rates by 25 basis points

FRANKFURT: The European Central Bank raised its key interest rate by 25 basis points to 4.25 per cent on Thursday. The decision had been widely expected since ECB President Jean-Claude Trichet raised the possibility last month.

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