The European Central Bank (ECB) has kept interest rates unchanged at 4% as concerns about inflation persist.
High food and oil prices have Pound at record low against euro ...
US rates reduced for third time ... pushed up the cost of everyday essentials such as bread and petrol, sending inflation to record levels in previous months.
ECB President Jean-Claude Trichet has been resisting calls from business groups claiming that the high borrowing costs are hurting their profits.
Earlier, the Bank of England left its main interest rate unchanged at 5.25%.
(BBC)
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