ECB raises Interest Rates 25 point, cuts 2007 growth forecast.

The ECB considered raising its key interest rates by half a percentage point at its meeting, but the “overwhelming majority” of the bank’s governing council deemed a quarter-point hike more appropriate, president Jean-Claude Trichet said on Thursday.

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European Central Bank interest rates will rise.

The European Central Bank is certain to raise its key interest rates for the third time in six months when its meets in Madrid later this week, analysts have said, with ECB watchers merely speculating about the size of the expected move.

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