Home
Nicolas Sarkozy questions interest rate hike
Kyrgyzstan News.Net
Sunday 6th July, 2008
French President Nicolas Sarkozy has asked questions about the European Central Bank's decision to hike interest rates by a quarter point to 4.25 percent.
He has asked a meeting of his supporters if the hike was "reasonable."
The ECB lifted its main interest rate on Thursday to a seven-year high of 4.25 percent in hope of putting a lid on record inflation.
Sarkozy said: “I have the right as president of the French Republic to wonder if it is reasonable to raise the European rates to 4.25 percent while the Americans have rates of 2.0 percent."
 Email this story to a friend
Have your say on this story
|
 |
 |
- Seven killed in China road accident
Guiyang (China), Oct 11 (Xinhua) At least seven people were killed and 22 injured Saturday when the truck in which they were travelling overturned on a highway in China's southwestern province of Guizhou, officials said. [read story]
- Death toll in Pakistan blast climbs to 55
Islamabad, Oct 11 (Xinhua) The death toll in the blast which hit a jirga, or tribal elders' meeting, in northwestern Pakistan's tribal region Friday has climbed to 55, local TV reported Saturday. [read story]
- India-Asia continental clash may have caused long term cooling in Earth's climate
Washington, Oct 11 : A new study has suggested that the collision between India and Asia set off events that likely caused long-term cooling in Earth's climate. [read story]
- 'Anarkali' dresses a hit as Malaysian Indians go Diwali shopping
Kuala Lumpur, Oct 11 (IANS) Elegant 'Anarkali' churidar-kurta women's dresses in layered fine cloth, a throwback to India's Mughal era, are becoming a big draw with Malaysian Indian women as they begin shopping for Diwali. [read story]
- Three new universities to be set up in India for NRIs
Singapore, Oct 11 (IANS) India plans to set up three new universities for Non Resident Indians and Persons of Indian Origin, Minister for Overseas Indian Affairs Vayalar Ravi said Saturday. [read story]
|
|
 |
 |
|
|
|
Copyright © 1999-2008 Mainstream Media EC
All rights reserved
