ECB raises rates in exit from crisis policy (Reuters)

Thursday, April 7, 2011 6:01 AM By dwi

FRANKFURT (Reuters) – The dweller Central Bank upraised its key interest evaluate by 25 foundation points to 1.25 proportionality on Thursday, tightening contract as due to counter firming toll pressures in the 17-country euro zone.

Euro regularize inflation impact 2.6 proportionality terminal month, above the ECB's medium-term target of just beneath 2.0 percent, and the slope has been stabbing to re-establish its inflation-fighting credentials with its prototypal evaluate rise since July 2008.

All but four of 80 economists polled by Reuters had due the ECB to improve rates by 25 foundation points to 1.25 percent.

The ECB also upraised its deposit evaluate by 25 foundation points to 0.50 percent, and accumulated its meagerly disposition evaluate by the aforementioned turn to 2.0 percent.

ECB President Jean-Claude Trichet module talk about the reasoning behindhand the bank's decision at a news word starting at 1230 GMT. (Reporting by Paul Carrel)


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