Trooper_IHB
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<em>FRANKFURT, Germany (AP) -- The European Central Bank raised its benchmark interest rate Thursday by a quarter percentage point to 4.25% in an effort to reign in escalating inflation in the 15-nation euro zone.</em>
<a href="http://money.cnn.com/2008/07/03/news/international/ECB.ap/index.htm">Paging Ben Bernanke.....</a>
<em>Many economists fear the decision to boost rates in Europe could ultimately bolster the euro and undercut the dollar. That has caused some concern that the ECB's decision will actually fuel inflation in the near term. </em>
<a href="http://money.cnn.com/2008/07/03/news/international/ECB.ap/index.htm">Paging Ben Bernanke.....</a>
<em>Many economists fear the decision to boost rates in Europe could ultimately bolster the euro and undercut the dollar. That has caused some concern that the ECB's decision will actually fuel inflation in the near term. </em>
