Europeans aim for joint rate rises

- Central Banking staff
- 20 May 2002

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UK - Europe's central banks are set to raise interest rates simultaneously on 6 June, say leading economists. The Bank of England, the European Central Bank and the Swedish Riksbank are likely to hike rates at their respective policy-making meetings in just over a fortnight reports the Observer newspaper, 19 May.

The move, which could be interpreted as evidence of economic convergence between the eurozone and its major candidates for entry, is likely as central bankers in London and Frankfurt

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