(Reuters) - The increase marks a doubling of euro zone rates in 18 months, raising questions in financial markets over how close the ECB may be to ending its rate hikes.
But strong ECB warnings on inflation risks have left dealers virtually certain that rates will reach at least 4.25 percent this year. They are awaiting clearer direction from ECB President Jean-Claude Trichet who gives a news conference at 1230 GMT.
Read more at Reuters.com Hot Stocks News
But strong ECB warnings on inflation risks have left dealers virtually certain that rates will reach at least 4.25 percent this year. They are awaiting clearer direction from ECB President Jean-Claude Trichet who gives a news conference at 1230 GMT.
Read more at Reuters.com Hot Stocks News
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