ECB raises rates, but says no series planned

The European Central Bank raised its main interest rate, for the first time in five years, by 0.25% to 2.25% on Thursday 1 December in a move that had been widely expected.

ECB president Jean-Claude Trichet told a press conference on Thursday afternoon that recent data and survey evidence indicate that economic activity has strengthened in the second half of this year.

The European Central Bank has not decided already on a series of interest rate rises following Thursday's quarter point rise in

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