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ECB policymakers signal more rate rises to come

From reuters.com

European Central Bank policymakers signaled on Wednesday that they are ready to tighten policy further after raising interest rates last week -- a move one said was not an "isolated decision." The ECB raised rates to 1.25 percent last Thursday, beginning what financial markets expect to be a steady run of hikes despite President Jean-Claude Trichet saying no decision had been made that last week's move would be the first in a series. ECB Governing Council member Luc Coene said the rise, which brought to an end almost two years of record low rates, was not a one-off. "It is clear that this first interest rate ... (full story)

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