The European Central ECB finance ministers reject oil tax cut ...
US Fed cuts benchmark interest rate to 2 percent ... Bank is expected to raise its main lending rate in the 15-nation eurozone by a quarter of a percentage point in an attempt to control inflation.
Most financial institutions believe the ECB will raise the rate to 4.25 percent with inflation of four percent a greater concern than weakening economic growth. Rising commodity prices have been responsible in great part for the highest inflation levels in Europe in years.
(Deutsche Welle)
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