FED raises interest rates to 2.5%
Thursday, 03 February 2005 10:57:00 (GMT+3)
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FED raises interest rates to 2.5%
The US Federal Reserve on Wednesday raised interest rates by a quarter points to 2.5%. The move, which was widely expected in financial markets, was the sixth rate rise since June 2004.
FED officials explained that economic risks were balanced between slower growth and rising prices. The officials disclosed that they plan to keep raising interest rates at a measured pace.
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