ECB Holds Rate, BoE Lowers

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Author: 123jump.com Staff
123jump.com
Last Update: 2:01 PM EDT April 10 2008

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The ECB left its key rate unchanged at 4% but the Bank of England lowered its rate by 0.25% to 5%. The ECB decision was influenced by rising inflation pressures and lowest unemployment rate in the region. While, the Bank of England worried that risk of softness in the housing market was critical than rising inflation.

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