As expected the ECB raised its key interest rate by 0.25%, to 1.50%.
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It is becoming increasingly clear that the ECB is playing a key role, though.
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Earlier in the day the ECB had kept its key lending rate at 0.75%, as expected.
The ECB last cut its key interest rate, by 0.25%, on 10 May.
Next Thursday the European Central Bank holds its monthly meeting and some believe the ECB will lower its key interest rate by 0.25%, in the wake of weak European Union economic data released recently.
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The ECB last raised its key rate to 3.75% in March and Trichet's comments after the Bank's last meeting in May that "strong vigilance" was needed to keep inflation under control, were taken as a signal that rates would go up this month.
The ECB machinations have helped the key smartphone players to avoid the worst-case scenario of European demand plunge during the key September sales period.
The European Central Bank (ECB) on Thursday raised its key interest rate by 0.25%, to 1.50%.
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There is also a European Central Bank meeting taking place Thursday, in which the ECB is expected to reduce its key interest rate.
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Key officials in the ECB, Germany and France have all insisted Cyprus is free to decide how to raise the 5.8bn euros, but that the money must be forthcoming.
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"On balance, we expect the ECB to keep up its hawkish rhetoric, but to nevertheless leave its key interest rate at 4.00% next Thursday and for many months to come, " Archer said.
At the England Cricket Board's (ECB) National Academy, based at Loughborough University, digital video recordings are a key part of training.
In terms of the options that could happen, a key fact is that the state-owned Irish banks owe enormous amounts of money to the ECB.
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Among the key agreements from the 29 June summit were moves towards banking union with the European Central Bank (ECB) acting as a supervisor and allowing European bailout funds to buy bonds to try to reduce countries' borrowing costs.
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The ECB president confirmed that the bank was willing to buy government bonds in the secondary market, but there were three key conditions.
Former England star Key made 18 before falling to a controversial catch from Hamish Marshall, and could be fined by the ECB for his angry reaction as he walked off.
While many investors are paying attention to each and every move made by the ECB, or waiting for the Fed to implement another round of quantitative easing, some are failing to notice some key indicators that reveal a fundamental improvement in the US economy.
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