ECB holds rates at 4%
The European Central Bank's (ECB) rate-setting board voted on Thursday to keep rates at 4%, the fifth rate hold in a row.
Jean-Claude Trichet, the president of the ECB, said that the rise inflation in October to 2.6%, way above the central bank's target of just below 2%, "fully confirms that the outlook for price stability over the medium term is subject to upside risks." But he said that the continued uncertainty in financial market "warrants a thorough examination of additional information
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