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FRANKFURT (Reuters) - The European Central Bank's interest rate rise sends a signal that it is serious about combating inflation, policymakers said as they staged a public relations offensive to justify Thursday's increase. In interviews with media ...

ECB only raised rates a quarter of a point which isn't very much. I am curious to see how this effects US Markets come Monday. European Central Bank raises rate to fight inflation Last Updated: Thursday, July 3, 2008 | 12:35 PM ET Comments1Recommend5 CBC News The European Central Bank increased its ...

In the short term, that will put pressure on the dollar, as short-term investors will tend to move money out of the US and into higher-yielding Euro-denominated stuff. However, the high inflation in the Eurozone will tend to help the ...

Saudi inflation stabilises, food and rents soar Annual inflation in Saudi Arabia eased slightly to 10 ... : dolar peg, inflation, saudi arabia digg this add to delicious add to technorati stumble

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FRANKFURT, Germany — The European Central Bank raised its benchmark interest rate today by a quarter percentage point to 4.25 percent in an effort to reign in escalating inflation in the 15-nation euro zone. The move comes despite worries in some ...

Be prepared for the dollar could take a hit on Thursday. Investors had been hoping that the ECB might talk down inflation ahead of Thursday’s policy meeting instead of actually taking action. However the odds of that being the case seem infinitely ...

The European Central Bank is expected to raise interest rates to control inflation, which is near a 15-year high.

Euro: More Reasons to be Hawkish The Euro remains firm ahead of the ECB meeting on Thursday. Yesterday, the June consumer price index estimate came in at 4% double the central bank’s 2% inflation

Euro area annual inflation is expected to be 4.0% in June 2008 according to a flash estimate issued by Eurostat, the Statistical Office of the European Communities. It was 3.7% in May.