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URGENT: ECB lifts interest rate by quarter of percentage point
www.chinaview.cn 2005-12-01 22:12:25

    BERLIN, Dec. 1 (Xinhuanet) -- The European Central Bank (ECB) raised its key interest rate by a quarter of a percentage point to2.25 percent on Thursday, which was its first rate increase since 2000.

    The move was widely expected as ECB President Jean-Claude Trichet said last month that the bank was prepared to "moderately augment" rates to head off inflation in the euro zone. Enditem

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