Euro rates on hold
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- Published:Thursday, December 6th, 2007
The European Central Bank (ECB) has decided to keep interest rates on hold in a move that was widely expected by financial analysts.
The ECB has been under pressure to keep rates at current levels thanks to growing inflation in the Euro-zone.
Official data reported that inflation in the 13-nation zone hit 3% in November year-on-year, marking its highest level in more than six years.
The European rate remains at 4.0%
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