A welcome return home for the Olympic Torch
- Today's leader
Euro interest rates hiked
Thursday 3rd July 2008, 1:12PM BST.
The European Central Bank (ECB) today increased eurozone interest rates by a quarter of a percent as inflation hits record levels.
Interest rates for the countries with the euro were raised to 4.25 per cent.
Inflation in Europe stood at four per cent in June – up from 3.7 per cent in May – as rising oil and food prices push up the cost of living.
The higher interest rates has now hit currencies with sterling falling 0.22 per cent to £1 to €1.25 – still marginally above the record lows seen in April.
The dollar fell to €0.63 – again the lowest since April.
Sponsored Links
Shropshire Star on Twitter
Keep updated with the latest breaking news and content on our Twitter feed.
Lifestyle
Interactive Dining Out map
Hundreds of reviews by the Shropshire Star and Express & Star's teams to help you decide where to eat.
LIVE traffic updates
Road, rail and airport - latest
Our new, live traffic and travel updates service - check before you set out.
OUR NEW APP
Get the new Shropshire Star app
Download the Shropshire Star’s new app to your iPad or iPhone to get one week of access to our digital newspapers absolutely FREE.
shropshirestar.com
Popular sections
Useful links
