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	<title>Moneyizor &#187; Stagflation</title>
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		<title>Eurozone hike interest rates to 4.25pc</title>
		<link>http://www.moneyizor.com/2008/07/03/eurozone-hikes-rates-to-425pc/</link>
		<comments>http://www.moneyizor.com/2008/07/03/eurozone-hikes-rates-to-425pc/#comments</comments>
		<pubDate>Thu, 03 Jul 2008 14:20:22 +0000</pubDate>
		<dc:creator>John Evans</dc:creator>
				<category><![CDATA[Credit Crunch]]></category>
		<category><![CDATA[ECB]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[Eurozone]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Macroeconomics]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[Recession]]></category>
		<category><![CDATA[Stagflation]]></category>
		<category><![CDATA[Interest Rates]]></category>

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		<description><![CDATA[The European Central Bank (ECB) today defied the threat of recession in many eurozone countries and raised interest rates to their highest level for almost seven years, despite frantic political pressure. ECB President, Jean-Claude Trichet, issued a strong warning on Wednesday that inflation in the zone could explode if left unchecked. The decision by the [...]]]></description>
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