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Prime Rate

also known as the Fed, National, U.S. and WSJ Prime Rate,
from the interest rate specialists at www.FedPrimeRate.com^SM

Thursday, March 02, 2006

European Central Bank Raises Benchmark Lending Rate to 2.5%

The European Central Bank (ECB) has raised its benchmark lending rate from 2.25% to 2.5% in order to keep inflation in check. Today's rate increase in Europe is a response to strong growth within the euro-region economy, and consistently high crude oil prices.

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