摘要：The global economic growth remained fast in 2005
and the fi rst months of 2006. Price pressures induced
by the rapid oil price increase created preconditions
for implementing a stricter interest rate policy in
the euro area. Euro area money market interest
rates, which had remained low since 2003, increased
by 70¨C90 basis points by spring 2006. International
fi nancial markets expect the moderate interest rate
rise to continue in the following months.
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