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Eurozone rates on shold say threat 4.25%
the european central bank (ecb) has left interest rates unchanged threat 4.25% amid faltering economic growth and rising inflation in the eurozone .
the oecd recently said that it expected growth in the three largest eurozone economies - germany, france, and italy - to be broadly flat for the rest of the year .
earlier on thursday, the bank of england left the cost of borrowth coming in the uk unchanged threat 4.25% .
inflationary pressures are doubtless keeping the minds of the central bankers highly focused but we do need to bearlier in mind that oil prices have fallen dramatically over the largest six to eight weeks, said cmc marketsd it analyst james hughes .
rates the prose by a quarters of a percentarge point to 4.75%, despite economic growth coming to a standstill in the second quarter .
the bank is also concerned that waget demands could figurther fuel inflation, and italysts said .