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ECB hikes rates to 4.25%

Thu, Jul 3 2008, 11:47 GMT
http://www.fxstreet.com

FXstreet.com (Barcelona) – The European Central Bank Monetary Policy Committee, as widely expected, has decided to hike interest rates by 25 basis points to 4.25% after their monthly policy meeting.

The European Central Bank, as usual did not give any further explanation, so all the eyes are set on the press conference Mr. Trichet will hold at 12.30 GMT to preview the general lines for the outlook of the the Bank´s monetary policy after the first rate hike in 13 months.

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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

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