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02 December 2005

Europe Central Bank raises Interest Rates by 0.25%

At today's meeting the Governing Council of the ECB took the following monetary policy decisions:

The minimum bid rate on the main refinancing operations of the
Eurosystem will be increased by 0.25 percentage point to 2.25%,
starting from the operation to be settled on 6 December 2005.

The interest rate on the marginal lending facility will be increased
by 0.25 percentage point to 3.25%, with effect from 6 December
2005.

The interest rate on the deposit facility will be increased by 0.25
percentage point to 1.25%, with effect from 6 December 2005.

Economic Research Unit
Franklin + Andrews

eru@franklinandrews.com

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